A Brazilian federal court today convicted 14 individuals for laundering approximately $95 million in drug trafficking profits using Bitcoin, according to an official statement from the Federal Public Ministry. The defendants operated mainly in Minas Gerais and Paraná.
Investigations revealed that the individuals used multiple wallets and exchanges to convert illicit gains into cryptocurrency, attempting to hide the origin of the funds. The case affected both local authorities and digital platform operators, highlighting the risks associated with cryptocurrency use in illegal activities. The ruling also underscores the increasing scrutiny of Brazilian authorities over financial operations linked to organized crime.
The court handed down prison sentences varying based on each defendant’s level of involvement and ordered the seizure of assets connected to the laundering scheme. Authorities indicated that monitoring of similar movements in the crypto market will continue to prevent future crimes and ensure financial transparency. This case sets an important precedent for law enforcement in digital transactions.
Source: Federal Public Ministry, Brazil.
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