BTG Pactual, a prominent Brazilian investment bank, announced the temporary suspension of its Pix transactions on Sunday following the detection of unusual movements in its system. This decision comes in the wake of a hacker attack, which is believed to have siphoned off approximately R$ 100 million according to preliminary estimates. The bank identified these irregularities in the morning and took prompt action to halt services as a precautionary measure. They clarified that no client accounts were accessed and that client data remains secure, emphasizing their commitment to prioritizing information security.

In its statement, BTG Pactual informed its clientele that the transactions would be suspended while an internal investigation is conducted regarding the incident. The bank also reassured customers that it would continue to provide support through official channels and maintain clear communication as the situation develops. The safety and security of transactions are paramount, and BTG aims to restore confidence among its users.

Reports by Folha suggest that the bank has already managed to recover a significant portion of the diverted funds, with estimates indicating that between R$ 20 million and R$ 40 million remains unrecovered. The Central Bank of Brazil has yet to comment on the matter, but the incident raises concerns about the vulnerabilities in digital banking systems and highlights the need for robust security measures to protect financial transactions against cyber threats.