Ceará prosecutors charge 13 with money laundering via crypto from pirate IPTV
- —Charges filed against 13 defendants, case sent to court
- —Subscriptions to pirate IPTV sold for 10–90 reais
- —During raids, 217 miners and about 50,000 reais in cash were seized
- —Crypto was converted to fiat through shell companies and 'drops'
Why it matters: The case shows how mining and crypto are used to launder proceeds from piracy, increasing regulatory pressure on illegal schemes.
Source: Livecoins