Yes

>>Operation Kryptolaundry breaks up a $500 million cryptocurrency money‑laundering network in Brazil

Operation Kryptolaundry breaks up a $500 million cryptocurrency money‑laundering network in Brazil

crypthub

2 days ago

Brazilian Police Disarms Crypto Money Laundering Group

The Brazilian Federal Police carried out an operation that included more than 24 search and seizure warrants. The raids focused on a cryptocurrency money‑laundering network that had been active since 2021. Authorities identified the group’s leader as Glaidson Acácio dos Santos, who is popularly called the “Bitcoin Pharaoh.”

The Facts

The Federal Police’s coordinated action aimed to dismantle the illicit crypto operation and seize related assets. By targeting the organization’s core members and infrastructure, the police disrupted its laundering activities and removed a significant threat to Brazil’s financial system.

Operation Kryptolaundry breaks up a $500 million cryptocurrency money‑laundering network in Brazil

Brazilian Police Disarms Crypto Money Laundering Group

The Facts

Operation Kryptolaundry breaks up a $500 million cryptocurrency money‑laundering network in Brazil