Brazil’s Federal Police Seize Crypto in Billion-Real Laundering Crackdown

TLDR: Brazil’s Federal Police carried out raids in São Paulo and Araçatuba, arresting a suspect in a crypto laundering case. Authorities froze accounts and seized assets, including cars, weapons, and crypto, linked to a billion-real laundering network. Investigations found the group used shell companies and crypto exchanges to move more than R$1 billion in one [...]

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