Brazilian Police Dismantle Drug Ring Using Crypto to Launder Money, Arrest 13 and Freeze $196 Million

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According to News.bitcoin, Brazilian police dismantled a drug trafficking ring today (July 27), arresting 13 individuals and freezing approximately $196 million in assets. The operation targeted a criminal organization that has smuggled over 6.5 tons of cocaine to Europe since 2021, using cryptocurrency to launder proceeds from drug exports. The action included 44 search and seizure operations across multiple states, with courts ordering the asset freeze of 1 billion Brazilian reals.
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