Hackers steal 180 million USD from Brazilian banking system in largest-ever attack, cash out via Bitcoin and USDT

The cyberattack, regarded as Brazil’s largest ever, involved hackers gaining unauthorized access to banking systems through C&M Software, leading to the theft of 180 million USD. The authorities are actively investigating the incident, focusing on the conversion of stolen funds into Bitcoin and USDT.

In the aftermath of the attack, federal authorities have initiated investigations while cryptocurrency providers work to freeze accounts and block fraudulent transactions. The incident raises concerns over the potential for cryptocurrencies to facilitate traditional financial crimes.

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