A software employee in Brazil was arrested for selling login credentials to hackers, leading to the theft of over $100 million via the PIX instant payment system. Authorities have frozen a significant portion of the stolen funds, and investigations are ongoing. #PIX #C&MSoftware
Keypoints
- An employee at C&M Software sold his credentials to hackers for $2,700.
- Hackers exploited the PIX system linked to Brazil’s Central Bank to steal over 540 million reais.
- The Central Bank has responded by shutting down access to affected parts of the system.
- Authorities have identified at least four suspects and frozen about $49 million in stolen funds.
- Some of the stolen money has been converted into cryptocurrencies like Bitcoin, Ethereum, and USDT.
Read More: https://therecord.media/brazil-police-arrest-worker-theft