Brazil's Supreme Court denies release of ex-Braiscompany director over hidden crypto assets
- —STF denied habeas corpus to ex-Braiscompany director Victor Hugo Lima Duarte
- —He is serving 20 years and 10 months for fraud and money laundering
- —Prosecutors traced R$3.8 million into a crypto exchange account linked to the defendant
- —Access to the crypto funds is protected by high-difficulty passwords, delaying seizure
Why it matters: The case shows that concealing crypto assets abroad can justify continued detention and harsher sentencing.
Source: Livecoins
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