Security· ★★· bearish·

Brazil freezes $18M in crypto and assets in perfume smuggling probe

  • —16 search and seizure warrants executed in three Brazilian states
  • —Court authorized asset freeze of up to R$100 million, including crypto
  • —More than 20 seizures since 2024, including R$10 million in October 2025
  • —About 130 tax and prosecution officials took part in the operation
Why it matters: The case signals that Brazilian authorities are increasingly targeting crypto assets in tax evasion and money laundering investigations.
Source: Livecoins
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