ChainCatcher news, the Brazilian Federal Court ruled that 14 people were sentenced for using Bitcoin to launder over 95 million dollars from drug trafficking and kidnapping crime profits. Two main offenders were sentenced to more than 21 years in prison, one of whom was a prison security officer, while the remaining 12 were sentenced to varying prison terms of 10 to 17 years. This criminal group operated in Minas Gerais and Paraná from April 2019 to July 2024, primarily focused on concealing the nature, origin, flow, and ownership of assets from cross-border drug trafficking and violent crime, including the ransom from the Rio de Janeiro kidnapping case. Investigations revealed that the group used Bitcoin and other Crypto Assets to launder money for a larger criminal network, operating an “accounting department” through fake tax identification numbers, false accounting records, and multiple shell companies, disguising themselves as involved in industries such as food trade, livestock, luxury goods, and swimwear.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin has been trading in a range for two consecutive months, with prices fluctuating between $62k and $75k.
Bitcoin has been trading in a two-month range continuously since April 7. In the recent period, the price’s high was between $72k and $75k, and the low was between $62k and $65k. Overall, the market is still consolidating; open interest remains steady at about $16.7 billion, and the funding rate has returned to a neutral range. Sentiment in the options market is stable: call options have risen to 47%, but there is still hedging against short-term downside risk.
GateNews12m ago
Bitcoin’s correlation with software stocks dropped from 1.0 to 0.13; on April 6, BTC ETF net inflows were $471 million
Bitcoin is up more than 5% since February 28; it has now rebounded to $69k, while the technology software industry ETF is down more than 2% over the same period. The correlation between the two has significantly declined, and spot Bitcoin ETFs also saw a net inflow of $471 million on April 6.
GateNews27m ago
Economist Professor Issues Dire Bitcoin Warning: BTC Will Crash to Zero – Here’s His Reason
Tension returned to the crypto market after a fresh warning targeted Bitcoin, with a well-known economist arguing that the asset could eventually collapse to zero. The statement quickly drew attention because it challenges the long-standing narrative that Bitcoin remains a resilient store of
CaptainAltcoin28m ago
