Hackers May Have Used Stolen Credentials to Launder Bitcoin in Brazil’s C&M Software Breach
The post Hackers May Have Used Stolen Credentials to Launder Bitcoin in Brazil’s C&M Software Breach appeared on BitcoinEthereumNews.com. A recent cyberattack on C&M Software, Brazil’s key financial software provider, resulted in a massive theft of 800 million Brazilian reais ($140 million) from multiple institutions linked to the Central Bank. The breach was facilitated by compromised employee credentials, underscoring the critical vulnerabilities within centralized financial systems and the growing sophistication of cybercriminals leveraging AI tools. According to COINOTAG sources, the hackers laundered a significant portion of the stolen funds through Latin American crypto exchanges and OTC platforms, converting millions into Bitcoin, Ether, and USDt. Brazil’s C&M Software hack exposes risks in centralized financial systems as $140M stolen, with funds laundered via crypto amid rising AI-assisted cyber threats. ‘, ‘
The post Hackers May Have Used Stolen Credentials to Launder Bitcoin in Brazil’s C&M Software Breach appeared on BitcoinEthereumNews.com.
A recent cyberattack on C&M Software, Brazil’s key financial software provider, resulted in a massive theft of 800 million Brazilian reais ($140 million) from multiple institutions linked to the Central Bank. The breach was facilitated by compromised employee credentials, underscoring the critical vulnerabilities within centralized financial systems and the growing sophistication of cybercriminals leveraging AI tools. According to COINOTAG sources, the hackers laundered a significant portion of the stolen funds through Latin American crypto exchanges and OTC platforms, converting millions into Bitcoin, Ether, and USDt. Brazil’s C&M Software hack exposes risks in centralized financial systems as $140M stolen, with funds laundered via crypto amid rising AI-assisted cyber threats. ‘, ‘
What's Your Reaction?
