Security· ★★· neutral·

Brazil's STJ upholds detention of hackers who laundered R$47M via crypto after fintech breach

  • —STJ denied release for Sidnei and Cleiton Borakouski on October 16
  • —Fake contracts moved more than R$47 million in total
  • —R$20 million in crypto routed through shell firm Pactolo Contábil
  • —Court cited flight risk and hidden funds in crypto wallets
Why it matters: The ruling sets a precedent: courts are weighing defendants' crypto expertise as grounds for pretrial detention.
Source: Livecoins
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