As the popularity of cryptocurrencies grows in Brazil, criminals are increasingly exploiting the cryptocurrency system for illicit purposes. However, government institutions are taking measures to prevent such incidents.
The Central Bank of Brazil is developing a system that will alert a united group of exchanges and banking institutions about threats related to crypto assets. According to Valor Economico, the system was created in partnership with Hypernative—a company that aims to neutralize threats related to digital assets before they materialize—and has already undergone testing with undisclosed market participants.
Regina Pedrosa, Executive Director of the Brazilian Tokenization Association (ABToken), emphasized that the system's integration will begin within the next two weeks, and relevant organizations will receive and disseminate these alerts.
Discussion of this tool gained momentum last year when the Central Bank established a working group to combat cyberattacks. Pedrosa stressed that the main challenge in such incidents will be ensuring the traceability of funds once they leave traditional financial channels and enter the cryptocurrency sector.
In July 2025, the Central Bank of Brazil faced an attack of this kind when cybercriminals exploited a vulnerability in the software of C&M, a middleware development company, and stole $180 million from the financial system, cashing out part of the funds via Bitcoin and USDT through exchanges.
At the time, Roselo Lopez, CEO of Smartpay, criticized the lack of protective mechanisms to mitigate the damage caused by this attack.
"The current task is to implement this tool. It has already been tested by the Central Bank, several bulletins have been issued, and now the associations must adapt to receiving and disseminating the warnings," concluded Pedrosa.
Foxbit and Mercado Bitcoin, two national cryptocurrency organizations, will join the group of companies implementing this alert system.
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