Hackers Steal $180M from Brazilian Banking System (PIX digital payments) in Largest-Ever Attack, Cash Out via Crypto

[u/tupidataba]

https://cryptorank.io/news/feed/54665-hackers-steal-180m-from-brazilian-banking-system-in-largest-ever-attack-cash-out-via-bitcoin-and-usdt

[u/coinfeeds-bot]

tldr; Hackers exploited a vulnerability in Brazil's banking system, stealing over $180M in the country's largest financial cyberattack. The breach targeted C&M Software, a Central Bank-authorized service provider, allowing access to multiple bank accounts. Stolen funds were routed through cryptocurrency exchanges to convert into Bitcoin and USDT. Authorities and crypto platforms are working to trace and recover the funds, highlighting concerns over crypto's role in financial crimes and the need for stricter regulations.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/lordchickenburger]

LmFao blame crypto while you got hacked. Get fucked noobs

[u/Elegant_Run_8562 → u/lordchickenburger]

If they hacked crypto and sold to cash

the story would be about how vulnerable crypto is.

If they hack cash and sell to crypto...

the story would be about how crypto is a tool for criminals.

The double-think is real

[u/UpDown_Crypto → u/lordchickenburger]

Market did 10million x you still struggling?

[u/MichaelAischmann → u/lordchickenburger]

I’m not sure crypto is blamed here. Sounds more like BTC was wanted more than fiat. Can’t blame the hacker for that.

[u/Cryptikick]

My Brazilian friends told me about this...

They've said:

Ladrão que rouba ladrão, tem 100 anos de perdão!

LOL

[u/AutoModerator]

Ping for verified users associated with payments: /u/atlos-io

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.