Yesterday (10), the Civil Police of Goiás dismantled a criminal association involved in cyber fraud and money laundering. The group is suspected of having moved around R$ 164 million. The action, dubbed Operation Deep Hunt, had the support of Binance, one of the leading exchanges in Brazil.
The State Police Department for Cybercrime Suppression (DERCC) conducted the operation with the support of the Signals Intelligence Management and the Technology Laboratory against Money Laundering. Additionally, the action had the support of Binance's global investigation team. They were responsible for identifying suspicious movements with digital assets, providing technical support to the authorities.
In fact, the investigations, which lasted a year and a half, began after the identification of transactions carried out by Brazilian users with virtual wallets associated with illegal marketplaces on the dark web. The criminals were selling banking data, cloned cards, and forged documents in these environments.
How did the organization operate?
The organization used techniques of anonymization, fragmentation of values, and shell accounts to conceal the origin of the funds. The goal was to integrate funds from the parallel economy of the dark web into the traditional financial system.
During the operation, authorities executed 41 temporary arrest warrants and 43 search and seizure warrants in eight municipalities in Goiás, in the Federal District, and in Rio de Janeiro. The operation mobilized 180 agents. They seized fake documents, printers, card readers, drugs, and weapons.
According to Delegate Bárbara Buttini, who is responsible for the operation, collaboration with Binance was essential during the investigation.
Binance is absolutely committed to the integrity of the crypto ecosystem. Our priority is to work side by side with Brazilian law enforcement to combat the misuse of digital assets and protect users and the market as a whole, said Binance's Vice President for Latin America, Guilherme Nazar.
In fact, those involved must answer for qualified theft through fraud, forgery of documents, money laundering using virtual assets, and criminal association. The operation was recorded by the DERCC on video.
The article 'Police dismantles a scheme of R$ 164 million in crypto with Binance's support' was first seen on BeInCrypto Brazil.