U.S., Brazil authorities break up $768 million alleged crypto crime ring

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ICYMI: U.S., Brazil authorities break up $768 million alleged crypto crime ring

Authorities in Brazil and the U.S. have broken up a crypto fraud ring based in Curitiba, Brazil.

Authorities in the U.S. and Brazil have broken up a crypto fraud ring in Curitiba, Brazil allegedly responsible for moving up to 4 billion reais worth of transactions as it misled investors about crypto products that turned out to largely worthless. The fraud ring is led by"a 37-year old Brazilian national and former U.S. resident," the ICE statement said. Brazilian police have named Francisley Valdevino da Silva as being the alleged leader of the crime ring, local news outlets including G1The investigation showed that the operation allegedly deceived"thousands of victims" through offering services that promised monthly returns of up to 20% of the amount they invested, Brazil's federal police said in its statement.

 

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what is a crypto crime ring? is it a group chat

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