Hackers May Be Laundering Stolen Funds From Brazil Central Bank Breach Through Bitcoin
The post Hackers May Be Laundering Stolen Funds From Brazil Central Bank Breach Through Bitcoin appeared on BitcoinEthereumNews.com. Hackers responsible for a $140 million breach involving a Central Bank of Brazil service provider have begun laundering the stolen funds through cryptocurrencies, marking a significant development in the aftermath of the country’s largest digital heist. Blockchain investigator ZachXBT disclosed that approximately $40 million of the stolen assets have already been converted into Bitcoin, Ethereum, and Tether via Latin American OTC platforms, highlighting the growing use of crypto for illicit fund movements. According to ZachXBT, the breach was facilitated by a social engineering attack where an employee sold his login credentials for just $2,780, underscoring the critical vulnerabilities posed by human factors in cybersecurity. Brazil’s $140 million Central Bank breach reveals hackers laundering funds through Bitcoin, Ethereum, and Tether, exposing risks of social engineering and crypto-based money laundering. ‘, ‘
The post Hackers May Be Laundering Stolen Funds From Brazil Central Bank Breach Through Bitcoin appeared on BitcoinEthereumNews.com.
Hackers responsible for a $140 million breach involving a Central Bank of Brazil service provider have begun laundering the stolen funds through cryptocurrencies, marking a significant development in the aftermath of the country’s largest digital heist. Blockchain investigator ZachXBT disclosed that approximately $40 million of the stolen assets have already been converted into Bitcoin, Ethereum, and Tether via Latin American OTC platforms, highlighting the growing use of crypto for illicit fund movements. According to ZachXBT, the breach was facilitated by a social engineering attack where an employee sold his login credentials for just $2,780, underscoring the critical vulnerabilities posed by human factors in cybersecurity. Brazil’s $140 million Central Bank breach reveals hackers laundering funds through Bitcoin, Ethereum, and Tether, exposing risks of social engineering and crypto-based money laundering. ‘, ‘
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