July 23, 2025

information technology

Banking

Brazil police arrest suspect in $100M banking hack

SAO PAULO (AP) — Police in Brazil arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system, known as PIX, which is used by 76.4% of the population. Hackers

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Banking

Brazilian police arrest suspect in $100M banking hack

SAO PAULO (AP) — Police in Brazil have arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system — known as PIX — which is used by 76.4% of

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Crypto

AI-hyped Ponzi scheme defrauds African investors

Following CBEX’s collapse, Kenya’s Capital Markets Authority issued an ‘Investor Alert’ about unregulated platforms. Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. Edwin, a Kenyan government worker who only gave his first name out of shame, first encountered

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