140 Million Dollars Stolen from the Central Bank of Brazil, Converted into Cryptocurrencies – Here Are the Details
2025/07/04 22:20Well-known cryptocurrency researcher ZachXBT has revealed one of the most notable cybercrime cases of 2025. According to ZachXBT’s statement on his personal channel, C&M Software, one of the service providers of the Brazilian Central Bank, was the target of a massive cyberattack worth approximately $140 million (800 million reais).
The incident occurred on June 30, 2025, when six different financial institutions gained unauthorized access to their reserve accounts at the Central Bank. The attackers converted the fiat money they obtained from these accounts into digital assets such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) via over-the-counter (OTC) markets and cryptocurrency exchanges in Latin America. According to ZachXBT, at least $30 million to $40 million was converted into cryptocurrencies.
What’s even more striking is that the attackers purchased the company’s login information from one of C&M Software’s employees for just 15,000 reais (about $2,760). According to information from Brazilian security services, this simple access created a gap worth millions of dollars.
ZachXBT stated that it has been tracking funds, helping to freeze some accounts, and trying to identify OTC brokers who are conducting illegal transactions. It also stated that the wallet addresses related to the incident will be shared with the public at the appropriate time. However, it was also noted that despite this serious security breach, the incident received almost no media coverage outside of Brazil.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?
The support levels near $78,000 and $70,000 present a good entry opportunity.

Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History
The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.

Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?
He made it clear: neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.
