ZachXBT: Collaborates with Multiple Parties to Freeze Brazil Central Bank Service Provider Funds Involved in $5 Million Crypto Theft
BlockBeats News, July 14th, Cryptocurrency detective ZachXBT posted on X, stating, "Recently, Brazilian central bank service provider C&M suffered a cyber attack, resulting in the reserve accounts of six financial institutions being compromised. The attackers converted the stolen fiat into cryptocurrency.
I have started to participate in an operation and have assisted in freezing around $5 million of illicit funds across multiple exchanges and blockchains."
You may also like

Spot Bitcoin ETFs Draw Record $1.42B Inflows as Institutional Interest Reignites
Key Takeaways Spot Bitcoin ETFs recently witnessed their strongest inflows since October, reaching $1.42 billion amid increased institutional…

Traveling? ‘Evil Twin’ WiFi networks can steal crypto passwords
Key Takeaways “Evil Twin” WiFi attacks occur when hackers mimic legitimate WiFi networks to steal sensitive user data.…

Three Reasons Why Bitcoin’s ‘Real Breakout’ Toward $107k Has Begun
Key Takeaways The Bitcoin breakout is supported by strengthening technical indicators and reduced selling pressure. Macroeconomic signals are…

Crypto’s Decentralization Promise Falters at Interoperability
Interoperability in crypto exposes a decentralization gap, highlighting the reliance on centralized intermediaries. Users’ understanding of technical infrastructure…

Bitcoin Dips, Gold Futures Skyrocket Amidst European Threat of ‘Trade Bazooka’
Key Takeaways Bitcoin’s price took a significant hit, dropping nearly $3,500 as European retaliations to Trump’s tariffs loomed.…

Vitalik Advocates for Ethereum’s Simplified Future with ‘Garbage Collection’
Key Takeaways Vitalik Buterin stresses the need for a ‘garbage collection’ process to reduce Ethereum protocol complexity. The…

‘Obscure’ Laws Hinder Bitcoin Reserve Plans: Insights from White House Crypto Council
Key Takeaways Efforts to establish a Bitcoin strategic reserve in the United States are impeded by complex interagency…

User Loses $282M in One of the Most Significant Social Engineering Crypto Heists
Key Takeaways A crypto user lost over $282 million in Bitcoin and Litecoin due to a sophisticated social…

Binance Australia Restores Fiat Transfers, Overcoming Two-Year Banking Barrier
Key Takeaways After being cut off from the Australian banking system in 2023, Binance Australia has successfully reinstated…

US Crypto Market Structure Bill in Limbo as Industry Reconsiders Support
Key Takeaways The US crypto market structure bill faces delays due to ongoing disputes among lawmakers and industry…

Trump Targets Fed, Italy Cautions Influencers: Global Financial Pulse
Key Takeaways: The United States is witnessing a political storm as former President Trump initiates criminal proceedings against…

Bitcoin Futures OI Shows Cautious Return in Risk Appetite
Key Takeaways Bitcoin futures open interest (OI) saw a 13% recovery since the start of the year, indicating…

Senate Judiciary Leaders Push for Revisions in Crypto Bill
Key Takeaways Senate Judiciary chair Charles Grassley and top Democrat Richard Durbin express concerns about the crypto market…

How AI Crypto Trading Will Transform Human Roles
Key Takeaways AI is revolutionizing crypto trading by automating data-heavy tasks, yet humans still retain key decision-making responsibilities.…

Saylor Hints at ‘Bigger Orange’ Following Recent $1.25B Bitcoin Acquisition
Key Takeaways Michael Saylor’s investment firm, Strategy, recently acquired $1.25 billion in Bitcoin, increasing its holdings to over…

Crypto Mining Rig Maker Canaan Warned of Potential Nasdaq Delisting
Key Takeaways Canaan Inc., a well-known crypto mining hardware producer, faces a possible Nasdaq delisting due to its…

Bitcoin Hashrate at 4-Month Low as AI Competes for the Grid, Analyst Observes
Key Takeaways Bitcoin hashrate has dipped below 1 zetahash per second for the first time in four months,…

The CLARITY Act’s Delay Could Benefit the Crypto Sector
Key Takeaways The stalling of the CLARITY Act is seen as beneficial for the crypto industry, as overregulation…
Spot Bitcoin ETFs Draw Record $1.42B Inflows as Institutional Interest Reignites
Key Takeaways Spot Bitcoin ETFs recently witnessed their strongest inflows since October, reaching $1.42 billion amid increased institutional…
Traveling? ‘Evil Twin’ WiFi networks can steal crypto passwords
Key Takeaways “Evil Twin” WiFi attacks occur when hackers mimic legitimate WiFi networks to steal sensitive user data.…
Three Reasons Why Bitcoin’s ‘Real Breakout’ Toward $107k Has Begun
Key Takeaways The Bitcoin breakout is supported by strengthening technical indicators and reduced selling pressure. Macroeconomic signals are…
Crypto’s Decentralization Promise Falters at Interoperability
Interoperability in crypto exposes a decentralization gap, highlighting the reliance on centralized intermediaries. Users’ understanding of technical infrastructure…
Bitcoin Dips, Gold Futures Skyrocket Amidst European Threat of ‘Trade Bazooka’
Key Takeaways Bitcoin’s price took a significant hit, dropping nearly $3,500 as European retaliations to Trump’s tariffs loomed.…
Vitalik Advocates for Ethereum’s Simplified Future with ‘Garbage Collection’
Key Takeaways Vitalik Buterin stresses the need for a ‘garbage collection’ process to reduce Ethereum protocol complexity. The…