Brazil's Central Bank service provider C&M recently suffered an attack resulting in a loss of approximately $140 million, with some of the stolen funds already converted into Crypto Assets.

PANews reported on July 4th that according to crypto detective ZachXBT, recently, C&M Software, a service provider for the Central Bank of Brazil, suffered a cyber attack, resulting in a loss of approximately $140 million. On June 30, 2025, the reserve accounts of six financial institutions were illegally accessed, and the attackers exchanged fiat for Bitcoin, Ethereum, and USDT through Latin American OTC and exchanges. From my estimation, at least $30 million to $40 million was converted into Crypto Assets. Brazilian law enforcement revealed that the criminals only paid $2,760 (15,000 reais) to one employee of C&M to obtain the company's log in account and password. ZachXBT stated that when the time is right, he will publish the theft address related to this incident, as he has been assisting in freezing funds and tracking unmarked OTC Trading.