$140 Million Brazil Bank Heist Turns Crypto: Hackers Funnel Up to $40 Million Through OTC Desks

Blockchain investigator ZachXBT has revealed that hackers responsible for a $140 million breach involving a Central Bank of Brazil service provider have started laundering the stolen funds through cryptocurrencies. According to his findings, the attackers behind the Brazil bank breach converted between $30 million and $40 million of the stolen funds into crypto assets like Bitcoin, Ethereum, and Tether. Social Engineering Attack Blamed for $140 Million Crypto-Linked Hack in Brazil He added that these conversions were carried out through Latin American over-the-counter (OTC) platforms and crypto exchanges. “I’ll publish theft addresses related to the incident that I found when it’s ok to share them as I have been helping freeze funds and attributing unlabeled OTCs,” ZachXBT added on Telegram source: https://beincrypto.com/zachxbt-traces-crypto-trail-brazil-bank-heist/