The perpetrators immediately moved to convert the stolen funds into Bitcoin (BTC), however, the cash triggered many of the bank accounts of the exchanges
Brazilian crypto exchange XDEX, which is owned by the largest stock broker in Latin America, announced the end of its activities. The company announced its closure on March 31:
Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS),
The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November.
Latoex, another Brazil-based crypto exchange, faces similar problems. The company is looking at a 100,000-Brazilian real (BRD) fine if it does not comply with a suspension order issued by Brazil’s Securities and Exchange Commission.