Operation Niflheim: Brazilian Authorities Crack Down on $9.7B Crypto Money Laundering Ring

Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources by sending it abroad. Operation Niflheim involved the issuing of eight arrest warrants and 19 search and seizure orders against these groups operating in Caxias do Sul, Sao Paulo, Fortaleza and Brasilia. Criminals have laundered more than 9 billion dollars since (…)