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<h2 id="140m-theft-highlights-insider-threats-in-brazil-s-banks">$140M Theft Highlights Insider Threats in Brazil's Banks</h2> 
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 <p>The <strong>Brazilian financial system</strong> faced a severe blow as <strong>insider involvement</strong> led to $140 million being stolen. The hackers laundered a portion through cryptocurrencies such as Bitcoin and Ethereum, escalating the security concern.</p> 
 <p>Insider <strong>João Nazareno Roque</strong> at C&amp;M Software sold his access credentials, opening doors for the attackers. This tactic echoes previous insider-facilitated heists, marking a troubling trend in the sector. "The laundering activity traced to OTC brokers showcases the vulnerabilities present not only in traditional banking but also within cryptocurrency pathways." — <strong>ZachXBT, On-Chain Investigator</strong>.</p> 
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<h2 id="crypto-laundering-spurs-regulatory-concerns">Crypto Laundering Spurs Regulatory Concerns</h2> 
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 <p>The financial market reacts with heightened scrutiny of banking security protocols. With $30–40 million laundered into cryptocurrencies, the case reinforces concerns about regulatory gaps in crypto markets.</p> 
 <p>Experts highlight the intersection of <strong>traditional and digital finance risks</strong>. The breach underscores vulnerabilities in financial systems, potentially prompting <strong>new regulatory measures</strong> and increased surveillance activities to curb cryptocurrency abuse.</p> 
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<h2 id="insider-complicity-mirrors-2024-coinbase-attack">Insider Complicity Mirrors 2024 Coinbase Attack</h2> 
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 <p>The C&amp;M breach mirrors the 2024 Coinbase attack where <strong>insider complicity led to vast fund losses</strong>. Such patterns point to systemic security weaknesses that persist despite technological advancements.</p> 
 <p>Experts at Kanalcoin suggest this incident could prompt strengthening of <a href="https://twitter.com/tradingview">security strategies and policies</a>. The convergence of financial and cryptocurrency channels necessitates innovative protective measures to secure future operations.</p> 
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    <td><em><strong>Disclaimer</strong>: This <a href="https://www.kanalcoin.com/" target="_blank" rel="noreferrer noopener"><strong>website</strong></a> provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.</em></td>
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</figure>  <a href="https://www.kanalcoin.com/brazil-bank-hack-140m-stolen/">Read original article on kanalcoin.com</a>

Brazilian Bank Hacked, $140M Stolen In Digital Heist

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