Based on BitcoinWorld, a Brazilian federal court has convicted 14 individuals for their roles in a $95 million Bitcoin money laundering scheme. The group converted illicit cash—primarily from drug trafficking—into Bitcoin, exploiting its pseudonymous nature to move funds across borders. The case highlights the use of blockchain analysis tools by authorities to trace transactions and underscores the growing regulatory scrutiny of crypto exchanges. The conviction is seen as a major victory for regulators and a warning to those attempting to misuse cryptocurrency for illegal activities.
Brazilian Court Convicts 14 in $95M Bitcoin Money Laundering Case
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