<ul data-eligibleForWebStory="false"><li>Hackers stole $140 million from Brazilian banks after an insider at C&M Software sold system access for less than $3,000.</li><li>Approximately $30–40 million of the stolen funds were converted into cryptocurrencies like Bitcoin, Ether, and USDT and moved through regional exchanges and OTC markets.</li><li>The incident highlights concerns about the vulnerability of centralized infrastructure in the digital age, with experts warning about the attractiveness of centralized systems as targets for cybercriminals.</li><li>Security analysts suggest that decentralized technologies utilizing zero-knowledge proofs could mitigate risks by dispersing sensitive data and capital, reducing the attractiveness of centralized troves for hackers.</li></ul>

Hackers Steal $140 Million from Brazilian Banks, Convert Part Into Crypto

Discover more