ZachXBT: Brazilian central bank service provider C&M Software attacked, losing $140 million
ChainCatcher message, crypto detective ZachXBT shared on his personal channel that, "One of the most outrageous cases that occurred in 2025 is undoubtedly the recent cyber attack on Brazilian central bank service provider C&M Software, with losses amounting to approximately $140 million (800 million reais).Six financial institutions were unauthorizedly accessed on June 30, 2025, with attackers breaching their reserve accounts at the central bank. The hackers then converted fiat currency into BTC, ETH, and USDT through over-the-counter (OTC) dealers and cryptocurrency exchanges in the Latin American region. I estimate that at least $30 million to $40 million was converted into cryptocurrency.According to subsequent reports from Brazilian law enforcement, the hackers paid only about $2,760 (15,000 reais) to purchase the company login credentials from an employee of C&M Software. I have been assisting in tracking the funds, freezing accounts, and identifying unmarked OTC dealers, and when it is possible to disclose, I will publish the addresses related to this theft. Currently, this incident has received little attention from media outside of Brazil."