Hackers steal $140M in hack of central bank service provider - adtechsolutions

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Hackers steal $140M in hack of central bank service provider


C&M, a service provider that connects the central bank in Brazil with local banks and other financial institutions, was hacked on Wednesday, leading to 800 million Brazilian Reais ($ 140 million), stolen from six institutions related to the central bank.

Hack appeared after C&M employee reportedly sold its login data to actors threat for about $ 2,700, allowing them to access the software system and steal funds held in reserve accounts, according to To the Brazilian intelligence outlet Sao Paulo.

Onchain detective zacxbt said Hackers have transformed an estimated $ 30 million into $ 40 million from stolen funds into bitcoins (BTC), Ether (ETH) and USDT (USDT), which is washed through Latin American exchanges and Over-the-Countter (OTC) trading platform.

The incident emphasizes the growing risk of cyber security threats facing centralized software systems and servers where individual points of failure can lead to significant financial losses or theft of sensitive data.

Cyber ​​Crime, Hackes
The Brazilian police will arrest a man who said the C&M employee was accused of sales of login credentials to hackers. Source: Sao Paulo Globo

Related: Crypto losses hit 2.5 B in the first half of 2025, but Hackes fall in the fourth quarter: Certik

Centralized systems sit ducks at the age of artificial intelligence

Centralized digital systems are inherently vulnerable to hacks, infiltration, retail attempts and software use. These vulnerabilities are worsened by artificial intelligence and AI tools.

Centralized cryptocurrencies (CEXS) recorded Uptick in hack In the fourth quarter and Q4 2024, when hackers turned sights on digital platforms with individual failure points, according to Chain analysis.

Cyber ​​Crime, Hackes
Attacks on centralized services increased in 2024. Source: Chain analysis

ERAN BARAK, CEO of Shielded Technologies, Midnight Data Protection Blockchain developer, Caintelegraph said that Personal Data Protection Tools will be more and more necessary avert hackers with the help of AI.

CEO said that cybernetic criminals see “massive” return on targeting centralized systems that can contain millions of passwords, sensitive documents or billions of dollars in capitalWhich makes these systems attractive goals.

Decentralized blockchain technologies, such as zero knowledge evidence (ZKPS), remove this temptation by forcing hackers to target individual wallets or accounts instead of a centralized database containing millions of records, Barak said.

“Their return on investment (ROI) would be a record instead of millions – it is not worth it. They will go elsewhere,” the CEO said.

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