Security· ★★★· neutral·

Brazil police seize $1.7M in crypto from self-custody wallets

  • —Over $1.7 million in crypto seized, a record for Brazil's civil police
  • —Four seed phrases found in raids; assets moved to a Foxbit account in 13 transfers
  • —About $18.5 million frozen in bank accounts and over $1 million in real estate seized
  • —ClickFix operation: 17 search warrants and 2 arrest warrants executed on September 10
Why it matters: The case shows self-custody wallets do not shield assets from court seizure once seed phrases are found, and on-chain analysis can trace and move funds.
Source: CryptoActu
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