According to Bitcoincom, the Brazilian Federal Police announced that they have dismantled a transnational drug trafficking and money laundering network through 'Operation Commodity.' Since 2021, the group has smuggled over 6.5 tons of cocaine to Europe via the Port of Rio de Janeiro. They used shell companies and luxury car dealerships to issue invoices lacking real transaction evidence, injecting criminal proceeds into Brazil's financial system, and then transferred funds using cryptocurrency to obscure transaction paths and sources of funds. The operation executed 13 preventive arrests and 44 search and seizure warrants, with the court ordering the seizure and freezing of assets worth up to 1 billion reais (approximately $196 million). https://(wublock123.com)/news/brazil-police-bust-cross-border-drug-ring-crypto-money-laundering-freeze-196m-65356