An insider-led hack has drained over 540 million reais from PIX.

Police in São Paulo arrested C&M employee João Roque for allegedly selling his IT credentials to hackers who diverted more than 540 million reais from the Central Bank’s PIX instant-payment system in one night. Authorities say the breach targeted a single financial institution, at least four other suspects were involved, and roughly 270 million reais have since been frozen. Brazil’s Central Bank suspended part of C&M’s operations, and the company attributes the incident to social engineering rather than technical flaws.

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https://www.securityweek.com/police-in-brazil-arrest-a-suspect-over-100m-banking-hack/