Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

Bitcoin.com | Jul 27, 2021 at 11:30 AM
  • The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges.
  • The investigations found that several companies transacted large amounts of funds among themselves as a way of fooling authorities, and then they used a crypto brokerage to transform these funds into cryptocurrency assets that cannot be linked to their original source.
  • Some of these exchanges only operate with the support of these shell companies.