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Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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