On June 30 hackers breached C&M Software, a service provider to Brazil’s Central Bank reserve system, and gained illicit access to six banks’ reserve accounts. Losses total roughly R$800 m (~US$ 140m). Attack path was an Insider sold his corporate login for just R$ 15 k (US$ 2.8 k). Attackers moved funds into BTC, ETH, and USDT through LATAM OTC desks and exchanges. On-chain totals so far point to US$ 30-40 m in crypto.