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Hackers Steal $140M from Brazilian Banks

The record-setting digital bank heist successfully targeted a banking infrastructure startup before draining reserve accounts.
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Jul 7, 2025 • 1 min read

Hackers exploited Pix infrastructure, stealing $140M from Brazilian banks, laundering $40M via crypto. Decentralization may deter such risks.

What’s the Scoop?

  • Massive Heist: Hackers stole $140 million from Brazilian banks by exploiting credentials from an IT operator connected to Central Bank infrastructure.
  • Crypto Laundering: Roughly $40 million of the stolen funds were laundered through Bitcoin, Ethereum, and Tether via OTC desks and exchanges.
  • Targeted Infrastructure: The attack exploited Brazil's Pix payment system infrastructure, demonstrating vulnerabilities in intermediary systems.

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