Brazilian police raided 6 cryptocurrency exchanges as part of a money laundering investigation.
The names of the raided companies were not disclosed.
Brazilian Police Raid Crypto Exchanges
Brazilian police raided 6 unnamed cryptocurrency exchanges as part of a tax evasion and money laundering investigation involving cryptocurrencies.
Authorities followed 101 different orders issued by a court in Sao Paulo, according to the official police report. These include two arrest warrants and 37 search and seizure warrants.
In addition, the police ordered the freezing of $238 million in assets and securities of the exchanges under investigation. In addition, $28 million in virtual assets on an unnamed exchange were also seized.
The investigation was based on a report by Brazilian Financial Intelligence, which penned suspicious bank activities linked to cryptocurrency transactions. Although it is stated that the alleged crimes took place between 2017 and 2021, the authorities think that the crimes still continue.
45297
