“The Zachxbt blockchain has joined the cyberattack investigation into Brazil’s financial institutions and blocking stolen funds. A recent Cyberattack on the Central Bank of Brazil Services Provider C & M Resulted in a Breach to the Reserve Accounts of Six Financial Institutes Where Attackers Conceers Conceers. I Began Working on An Initiative That Has Helped Freeze […]”, – WRITE: Businessua.com.ua
The Zachxbt blockchain has joined the cyberattack investigation into Brazil’s financial institutions and blocking stolen funds.
A recent cyberattack on the Central Bank of Brazil Services Provider C&M Resulted in a Breach to the Reserve Accounts of Six Financial Institutions WHERE Attackers Convertred Stolen Fiat to Crypto.
I Began Working on An Initiative That Has Helped Freeze ~ $ 5M Across Multiple…
– zachxbt (@zachxbt) July 14, 2025
The investigator noted that he traced the movement of funds by analyzing the sharp increase in volumes on local exchanges and the activity of hot wallets on June 30. According to him, the attackers received access to the reserve accounts of six banks.
Of the $ 140 million, only about $ 40 million was converted into cryptocons. About $ 5 million is currently frozen – in particular on Tether, Binance, Bitso and Bybit platforms.
In the comments to Zachxbt post, he praised a number of companies for cooperation, but criticized Circle for indifference, emphasizing the lack of coordination by some companies in similar situations.
He also stressed that the work was extremely difficult, and the amount of $ 5 million reflects only blocked funds, and real losses can be greater.
We will remind, hacker, who stole more than $ 43 million from the decentralized GMX derivative exchange, came into contact and returned some of the money.
The gun
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