The Brazilian High Court rejects Luccas' release request, involving a total amount of $160 million

According to Livecoins, the Brazilian High Court rejected the release request of suspect Luccas and upheld his detention in S ã o Paulo state. The case involves fraud against C&M Software, with the suspect accused of illegally accessing the company's clearing system and stealing approximately $160 million. Criminals dispersed funds into nearly 300 fake bank accounts and then used blockchain to exchange the funds for BTC and USDT for money laundering. In the attack in June 2025, a criminal organization bribed internal employees of the company to assist in cracking server passwords.