The Central Bank of Brazil has revealed that over £160 million has been reimbursed to victims of PIX fraud and system failures. The bank has emphasized the importance of vigilance and caution when using the platform. PIX, launched in 2020, has gained popularity due to its convenience and speed, but it has also attracted the attention of fraudsters. The bank has implemented measures to enhance security, including two-factor authentication and transaction limits. However, users are advised to remain alert to suspicious activity and report any unauthorized transactions promptly. The bank is working closely with financial institutions to prevent and combat fraud, and it encourages users to report any concerns or incidents to their respective banks.