Reported by: Rodrigo Tolotti

As part of Operation Colossus executed in conjunction with the Brazilian tax authority, the Federal Police is carrying out 101 ordered the freezing of roughly $238 million in assets and securities held by those under investigation, and they also seized an undisclosed amount of virtual assets held by 28 exchanges under investigation.

The investigations stemmed from a report conducted by Brazil’s Financial Intelligence, which found suspicious bank activity linked to the trading of crypto assets. The alleged crimes occurred between 2017 and 2021, but according to the Brazilian police they are ongoing.

Ready full report: https://www.coindesk.com/business/2022/09/23/brazilian-federal-police-raids-6-crypto-exchanges-in-money-laundering-investigation/?outputType=amp

Read full report (Portuguese): https://www.infomoney.com.br/mercados/pf-deflagra-operacao-que-investiga-crimes-com-criptomoedas-e-cumpre-mandados-em-6-exchanges/