Brazilian police crack down on money laundering gangs using cryptocurrency, freezing over 30 wallets

ChainCatcher news, the Brazilian Federal Police recently launched Operation "Lusocoin," targeting criminal organizations involved in money laundering and capital flight through cryptocurrency. They executed 13 search warrants and 11 temporary arrests, froze approximately 30 cryptocurrency wallets and 65 accounts, and seized 6 vehicles and 6 properties, with assets involved exceeding 3 billion reais.

The gang primarily operated remotely from Dubai, with involved funds reaching 50 billion reais, linked to drug trafficking, smuggling, and terrorism financing. The operation received assistance from platforms such as T3 FCU and Binance, and has frozen 4.337 million USDT.