Brazil's central bank has built a real-time early-warning system for cryptocurrency threats and is working with Hypernative, a digital asset threat protection firm, to offer banks and domestic crypto exchanges support for attack identification, response and fund tracing. The system's development accelerated after a July 2025 cyberattack that stole $180 million from the financial system. In that incident, criminals exploited a vulnerability in financial software middleware company C&M, then routed some of the money through exchanges, converting it into bitcoin and USDT. Regina Pedroso, executive director of the Brazilian Tokenization Association (ABToken), said the new system will begin onboarding within the next two weeks, with Foxbit and Mercado Bitcoin involved in the rollout. The relevant institutions have finished testing and already issued some alerts, she added. Brazil is also introducing a separate measure that places a 24-hour preventive hold on cryptocurrency transfers made by individuals, applying to any single transaction or cumulative daily amount above $10,000. The reporting comes from Bitcoin.com News.
Brazil's central bank has developed a real-time early-warning system for cryptocurrency threats, partnering with Hypernative, a digital asset threat protection company. The collaboration gives banks and domestic crypto exchanges support for attack identification, response, and fund tracing.
Work on the system picked up speed after a July 2025 attack. Cybercriminals exploited a software vulnerability in C&M, a financial software middleware company, stealing $180 million from the financial system. Some of the stolen funds were later converted into bitcoin and USDT through exchanges.
Onboarding starts in two weeks
Regina Pedroso, executive director of the Brazilian Tokenization Association (ABToken), said the system will begin onboarding within the next two weeks, with Foxbit and Mercado Bitcoin participating in implementation. The institutions involved have completed testing and have already issued some alerts.
Brazil will also place a 24-hour preventive hold on cryptocurrency transfers by individuals that exceed $10,000 in a single transaction or in cumulative daily volume. (Bitcoin.com News)
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