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."