Brazilian police seize $1.7M in crypto in largest self-custody confiscation
- —BTC, ETH, TRX and USDT worth $1,708,534 (about R$8.78M) seized
- —Four seed phrases found; 13 transfer transactions executed
- —Chainalysis Wallet Scan uncovered an extra $218K in crypto
- —Authorities also froze up to R$93M in bank accounts tied to suspects
Why it matters: The case sets a precedent that authorities can seize assets from self-custody wallets, raising pressure on illicit crypto operations.
Source: Livecoins