Category: News

Brazilian Police Bust Crypto-Linked Drug Ring in $1B Money Laundering Probe

Key highlights: Brazilian Federal Police launched Operation Commodity, targeting a transnational drug trafficking and cryptocurrency money laundering network. Authorities arrested nine suspects and froze assets worth up to R$1 billion (about $180 million). Investigators allege the criminal organization trafficked 6.5 tons of cocaine to Europe while laundering proceeds through cryptocurrencies, shell companies, luxury goods, and […]