140 Million Dollars Stolen from the Central Bank of Brazil, Converted into Cryptocurrencies – Here Are the Details
2025/07/04 22:20Well-known cryptocurrency researcher ZachXBT has revealed one of the most notable cybercrime cases of 2025. According to ZachXBT’s statement on his personal channel, C&M Software, one of the service providers of the Brazilian Central Bank, was the target of a massive cyberattack worth approximately $140 million (800 million reais).
The incident occurred on June 30, 2025, when six different financial institutions gained unauthorized access to their reserve accounts at the Central Bank. The attackers converted the fiat money they obtained from these accounts into digital assets such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) via over-the-counter (OTC) markets and cryptocurrency exchanges in Latin America. According to ZachXBT, at least $30 million to $40 million was converted into cryptocurrencies.
What’s even more striking is that the attackers purchased the company’s login information from one of C&M Software’s employees for just 15,000 reais (about $2,760). According to information from Brazilian security services, this simple access created a gap worth millions of dollars.
ZachXBT stated that it has been tracking funds, helping to freeze some accounts, and trying to identify OTC brokers who are conducting illegal transactions. It also stated that the wallet addresses related to the incident will be shared with the public at the appropriate time. However, it was also noted that despite this serious security breach, the incident received almost no media coverage outside of Brazil.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CyberLeek threatens full GTA 6 leak if Solana token hits $30 million
Micron now earns more than Apple! Apple urgently needs chips, Micron holds pricing power.
Micron Technology reported a net profit of $37.7 billion in the fourth fiscal quarter, surpassing Apple's $29.8 billion for the same period, thus becoming the more profitable company for the quarter. The memory shortage has given Micron strong pricing power, with its CEO stating that they “cannot meet customer demand.” The revenue guidance for next quarter is as high as $61.5 billion. Meanwhile, Apple's gross margin continues to be pressured by persistent memory costs, having dropped from 49.3% to a guidance range of 46.5%.
The "Eye of the Storm" in the Global Economy: Debt Crisis in Developed Countries
The IMF warns that developed economies are becoming the "eye of the storm" for global debt risks. Countries such as the United States and France accumulated high levels of debt during periods of low interest rates, but now rising interest rates are pushing up repayment costs, and fiscal consolidation faces political resistance. BofA Securities points out that the United States is facing declining tax revenues, France has structural income decline issues, and the UK and Japan are also under pressure. The deteriorating debt sustainability of developed countries may impact global financial markets through shocks in interest rates and capital flows.
Crypto prices
More
