C&M Software, a company connected to Banco Central do Brasil, hacked… Damage amounting to approximately ₩190,000,000,000
Summary
- C&M Software, which connects Banco Central do Brasil and financial institutions, reportedly suffered a hacking incident.
- The total damage amounts to approximately $140 million (around ₩190,800,000,000), with funds stolen from six connected institutions.
- A significant portion of the stolen funds was reportedly converted into Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
C&M Software, a service provider that connects Banco Central do Brasil and local financial institutions, suffered a major hacking incident.
According to local reports in São Paulo cited by Cointelegraph on the 5th (local time), a hack occurred at C&M Software, resulting in the theft of funds worth 800 million Brazilian reals (about $140 million, approximately ₩190,800,000,000) from six connected institutions.
The hack was caused when a C&M employee handed over their login information to a hacker in exchange for about $2,700. Using this account, the hacker infiltrated the software system and stole funds deposited in reserve accounts.
It is reported that the hacker converted a portion of the stolen funds, worth about $30 million to $40 million, into Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) on local Latin American exchanges and OTC (over-the-counter) platforms.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
