Wu Shuo learned that on December 9, the Federal Police of Brazil (Polícia Federal) announced the launch of an operation codenamed "Kryptolaundry" to combat illegal fundraising and money laundering activities through crypto assets. The investigation revealed that the related criminal group has a total fund flow exceeding 2.7 billion reais (approximately 500 million USD), of which 404 million reais (about 75 million USD) were identified as illegal funds. The police have executed 24 search warrants, approved preventive detention for 9 individuals, and frozen assets up to 685 million reais (approximately 130 million USD).
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Wu Shuo learned that on December 9, the Federal Police of Brazil (Polícia Federal) announced the launch of an operation codenamed "Kryptolaundry" to combat illegal fundraising and money laundering activities through crypto assets. The investigation revealed that the related criminal group has a total fund flow exceeding 2.7 billion reais (approximately 500 million USD), of which 404 million reais (about 75 million USD) were identified as illegal funds. The police have executed 24 search warrants, approved preventive detention for 9 individuals, and frozen assets up to 685 million reais (approximately 130 million USD).