Brazilian Police Bust Major Crypto Money Laundering Scheme Linked to Drug Cartel
08.08.2024 22:00 1 min. read Alexander Stefanov
São Paulo's Civil Police have uncovered and dismantled a major money laundering operation linked to the drug cartel First Capital Command (PCC).
The operation was disguised as a cryptocurrency exchange, handling around 500 million reais (approximately $89 million).
During the crackdown, police seized checks totaling 55 million reais ($8.9 million) from the company’s undisclosed headquarters.
The raids, which followed orders for 20 arrests and 60 search and seizure operations, targeted individuals connected to the PCC across various cities in São Paulo.
In related actions, Brazilian courts have frozen over 8 billion reais ($1.427 billion) in assets tied to the suspects.
The First Capital Command, described by The Economist as Latin America’s largest gang, boasts nearly 40,000 members and around 60,000 affiliates.
-
1
Criminal Crypto Wallets Hold Nearly $15 Billion as Governments Target Seized Assets for Reserves
09.10.2025 20:00 1 min. read -
2
Google Uncovers North Korea’s Onchain Hacking Experiment
19.10.2025 14:00 2 min. read -
3
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
16.10.2025 15:00 2 min. read -
4
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
17.10.2025 22:00 1 min. read -
5
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
22.10.2025 22:00 2 min. read
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
Data reviewed by Web3 researcher OnchainLens, using analytics from Arkham Intelligence, shows that wallets associated with the 2020 LuBian breach shifted a total of 15,959 BTC to four newly created addresses.
Google Uncovers North Korea’s Onchain Hacking Experiment
A new cyber tactic from North Korea is blurring the line between blockchain innovation and weaponization.
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
Switzerland’s gambling watchdog, GESPA, has lodged a criminal complaint regarding FIFA’s World Cup-themed NFT platform, citing potential breaches of national gambling laws.
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
A new report by U.S. cybersecurity firm Socket has revealed that North Korean hackers have infiltrated one of the internet’s most vital open-source ecosystems, turning it into a weapon for cyber theft.
-
1
Criminal Crypto Wallets Hold Nearly $15 Billion as Governments Target Seized Assets for Reserves
09.10.2025 20:00 1 min. read -
2
Google Uncovers North Korea’s Onchain Hacking Experiment
19.10.2025 14:00 2 min. read -
3
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
16.10.2025 15:00 2 min. read -
4
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
17.10.2025 22:00 1 min. read -
5
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
22.10.2025 22:00 2 min. read
Binance co-founder Changpeng Zhao, commonly known as "CZ" in the crypto community, was released from prison on Friday, September 27, after serving a four-month sentence for inadequate anti-money laundering (AML) compliance.
The moment all cryptocurrency investors have been waiting has finally arrived - Bitcoin managed to break the $100,000 level.
Bitcoin, the number one cryptocurrency by market cap, seems unstoppable at the moment, with its price reaching a new all-time high (ATH) of over $84,000.
A filing for a Bitwise XRP exchange-traded fund (ETF) has surfaced on the website of the State of Delaware’s Division of Corporations
Bybit, one of the leading cryptocurrency exchanges, has reportedly suffered a major security breach, with over $1.4 billion worth of digital assets drained from the platform.
Caroline Ellison, former head of Alameda Research, has been sentenced to two years in prison for her involvement in the downfall of FTX, and is also required to forfeit $11 billion.
Coinbase has filed lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with Freedom of Information Act (FOIA) requests.
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) to defend the cryptocurrency industry against what it deems overreach by the agency.
Reports are surfacing that a cryptocurrency exchange has been drained of $234 million.
2024's presidential election has come to an end as Donald Trump has been chosen by the american people to step in as the new president of the United States.
Federal Reserve chair Jerome Powell is currently giving his most anticipated interview at the Economic Club in Washington with David Rubenstein.
The Federal Reserve has implemented a widely anticipated 25-basis-point interest rate cut, marking the third and final reduction for 2024.
The Federal Reserve has decided to lower its key policy rate by a quarter percentage point following its latest policy meeting.
Federal Reserve meetings usually follow a predictable pattern, but this week’s Federal Open Market Committee (FOMC) gathering was shrouded in uncertainty.
Bitcoin continues to surprise, and recent market events prove it can be as volatile as it is stable.
The presidential battle between Joe Biden and Donald Trump may be coming to an end.
In a surprising development, the US president has announced he will not seek a second term, sending the election into uncharted territory.
MicroStrategy, the business intelligence firm, has significantly increased its Bitcoin holdings, acquiring an additional 51,780 BTC at a cost of approximately $4.6 billion, bringing its total Bitcoin stash to 331,200 BTC.
MicroStrategy, the business intelligence firm led by Michael Saylor, continues to strengthen its position as a leading corporate Bitcoin holder.
MicroStrategy has made a significant move in its ongoing Bitcoin acquisition strategy, purchasing an additional 15,350 BTC for approximately $1.5 billion.