Zachxbt helps freeze $ 5 million in stolen encryption from the Brazilian Hack Bank 140 million dollars, calls the circle star-news.press/wp

Zachbt helps track $ 40 million in encryption linked to the penetration of Brazil Bank.

The breakthroughs are still a major issue in Tadfi and Defi, where attackers are increasingly evolving. On Monday, July 14, Blockchain investigator detailed how Brazilian law enforcement helped track between $ 30 million and 40 million dollars stolen from major banks.

The money was part of a broader security breach that costs at least $ 140 million. The infiltrators were able to convert a portion of the stolen assets into Bitcoin (BTC), ETHEREUM (ETH) and USDT. After that, they laundered this money through local stock exchanges and trading platforms at OTC.

The funds were complicated, according to Zachxbt. He pointed out that the process involves manually identifying the Brazilian exchanges and analyzing external flows. Despite the challenges, it has successfully defined multiple portfolios and cooperation with Binance, Bitso, Bybit and Tether to freeze approximately $ 5 million in stolen encryption.

It is worth noting, zachbt Circle invitationOn the pretext that the company did not help track the stolen money. “The leadership of the department does not actually care about the industry,” he said.

How infiltrators stole $ 140 million from Brazilian banks

On June 30, infiltrators targeted the C&M program, a Brazilian Central Bank IT provider and the PIX immediate payment system. According to the local media, the violation of security was possible because one of the employees Sold His login information for about 2700 dollars.

Ultimately, the attackers rid between $ 140 million and $ 180 million in reserves of six major financial institutions. Zachxbt reported that approximately $ 40 million of this total has been transferred to encryption assets. In response to the accident, the Brazilian Central Bank suspended part of the C&M operations.

The authorities arrested the 48 -year -old employee who sold his credentials to the attackers. Brazilian police are still following other members of the group and believed that at least four additional individuals participated in this scheme. As of July 4, law enforcement has been frozen About 50 million dollars In stolen assets.