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BTG Pactual Suspends Pix Operations Following Cyberattack, Reports Approximately $100 Million Loss
BTG Pactual, a leading investment bank in Latin America, has suspended operations through its Pix instant payment system after detecting unauthorized activity resulting in a loss of roughly $100 million. The incident, which occurred on Monday, March 23, 2026, prompted the immediate suspension of the service as a precautionary measure, according to reports.
The bank identified atypical activity and subsequently confirmed the unauthorized transfer of funds. Brazilian authorities have been notified and are investigating the breach. The scale of the financial impact underscores the growing threat of cyberattacks targeting financial institutions globally.
BTG Pactual describes itself as offering complete solutions for individuals and businesses, providing a range of products and services designed to meet diverse financial needs. The suspension of Pix, a widely used payment method in Brazil, will likely disrupt transactions for the bank’s customers.
The company stated It’s working to restore the service as quickly and safely as possible. Further details regarding the nature of the cyberattack and the extent of the compromised data are currently under investigation.
Founded in 1983, BTG Pactual has grown to become the largest investment bank in Latin America, emphasizing a culture of innovation and client focus. This incident raises questions about the security protocols in place at the firm and may prompt a review of cybersecurity measures across the financial sector.
The bank’s digital investment platform, BTG Pactual Digital, remains operational for other investment services, but customers are currently unable to utilize the Pix functionality.
