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Brazil Freezes $197 Million in Assets in Crypto-Linked Drug Probe

From financefeeds.com

Brazilian authorities have dismantled an alleged international drug trafficking organization suspected of moving about 6.5 metric tons of cocaine and laundering billions of reais through a network that included crypto-enabled illicit money brokers. Federal and state law enforcement officers arrested nine people last week as part of the operation. Authorities also executed 13 pretrial detention warrants and 44 search-and-seizure warrants across São Paulo, Minas Gerais, Santa Catarina and Espírito Santo. A court authorized investigators to freeze up to 1 billion reais ($197 million) in assets connected to the case. The ... (full story)

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