Brazilian authorities have launched a major crackdown on a crypto-laundering network accused of moving over R$1.6 billion through illicit schemes. Operation Narco Fluxo, led by Brazil's Federal Police and supported by Sao Paulo's Military Police, executed 45 search and seizure warrants and 39 temporary arrest warrants across eight states and the Federal District. The operation targeted public figures and influencers allegedly involved in the laundering chain. The network reportedly used a combination of cryptoasset transfers and cash logistics to conceal and disguise funds both domestically and internationally. Authorities have frozen assets, including property and company holdings, and seized cars, money, and computer equipment to aid further investigations. Suspects face charges of criminal association, money laundering, and illegal fund movement abroad, marking one of Brazil's largest crypto-linked financial crime cases.
Brazilian Authorities Dismantle R$1.6 Billion Crypto-Laundering Network
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