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According to Bitcoin.com, the Brazilian Federal Police recently launched the "Nifheim Operation" and successfully destroyed three criminal organizations that use cryptocurrency for money laundering. This operation involves Cassias Dusu, S ã o Paulo, Fortaleza, and the city of Brazil, with a total of 8 arrest warrants and 19 search and seizure warrants issued. Since 2021, the involved gang has laundered over 9.7 billion US dollars through cryptocurrency, with funds mainly sourced from drug trafficking and smuggling. The Brazilian federal court has frozen $1.58 billion in assets and seized multiple vehicles and real estate. The police revealed that these groups used shell companies to conceal the source of funds, which were subsequently transferred to places such as the United States, the United Arab Emirates, Hong Kong, and China @ruyau @eylon.eth
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