Brazilian police raids six crypto exchanges
Law enforcers ordered the freezing of the suspects’ assets totaling $238 million
24.09.2022 - 09:25
463
1 min
0
What’s new? On September 22, the Brazilian Federal Police raided six unnamed cryptocurrency exchanges as part of an investigation into suspected tax evasion and money laundering using digital assets. According to a report of the local authority seen by CoinDesk, police are executing 101 criminal court warrants as part of Operation Colossus, conducted in conjunction with the Brazilian tax authority: among them, two arrest warrants and 37 search and seizure warrants.
More details about the situation. In addition, law enforcement officers will freeze the suspects’ assets totaling $238 million. Police have already seized an undisclosed amount in cryptocurrencies belonging to 28 exchangers under investigation.
Operation Colossus was initiated following the results of Brazil’s Financial Intelligence report. The agency detected suspicious banking activities related to crypto asset trading. The alleged crimes occurred between 2017 and 2021, but according to the Brazilian police, they continue to this day.
In July, the Brazilian public prosecution office of the Federal District opened its own cryptocurrency investigation unit. The team is tasked with assisting other police officers in investigating related cases, as well as educating consumers about the safe use of digital assets.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 958
BTC
+1.87%
-
Ethereum
$3 376.47
ETH
+7.35%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.39
XRP
+24.05%
-
Dogecoin
$0.393881
DOGE
+2.08%
-
Cardano
$0.866833
ADA
+10.74%
-
Bitcoin Cash
$491.27
BCH
-5.59%
-
Polkadot
$6.14
DOT
+7.64%
-
Stellar XLM
$0.285025
XLM
+18.76%
-
Litecoin
$90.26
LTC
+0.2%