📢 🚨 Hack of R$ 400 million exposes fragility in the Brazilian financial system
One of the largest cyber attacks in the history of the Brazilian banking system occurred this week. A third-party company connected to the Central Bank, C&M Software, was hacked — resulting in the diversion of at least R$ 400 million, potentially reaching R$ 1 billion, according to market sources.
🔍 C&M is responsible for integrating banks and fintechs into the SPB, PIX, and TED, acting as a bridge between institutions and the Central Bank.
💥 The attack targeted reserve accounts (used for settlements between banks, not for regular customers), with intruders accessing these accounts and moving the funds.
💸 Part of the diverted funds was quickly converted into cryptocurrencies, such as BTC and USDT, but international exchanges were able to trace and block some transactions.
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🧠 Reflection for those operating in crypto:
Even with regulations and security layers in the traditional banking system, no environment is 100% inviolable. Transparency, decentralization, and traceability are not just rhetoric — they are the foundation of security in a well-structured crypto ecosystem.
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🛡️ Central Bank has positioned itself:
• No internal system of the BC was compromised.
• No end customer was affected.
• Investigation ongoing with the Federal Police, Bacen, and intelligence agencies.
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⚠️ Stay alert:
In an increasingly digital world, security is not optional. Strengthen authentications, review your accesses, and keep your crypto wallets protected.
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