$9.7 billion crypto laundering operation in Brazil! 🚨

- Brazilian authorities have dismantled a massive crypto laundering network in cities including São Paulo, Fortaleza and Brasília.

- 23 search warrants and 8 arrest warrants were issued as part of "Operation Niflheim."

- The network used crypto to launder money from crimes such as drug trafficking and smuggling.

- The two companies laundered billions of dollars between 2019 and 2021.

- A federal court froze $1.58 billion in funds.