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Court ordered the blocking of R$ 1.6 billion in accounts

The Federal Police carried out Operation Fantasos on Wednesday (30) with the purpose of combating financial crimes and money laundering through cryptocurrencies. The main suspect was identified as the orchestrator of an international fraud scheme, through a company that raised over $295 million between December 2016 and May 2018, defrauding thousands of investors around the world.

In today's operation, about 50 federal police officers are executing 11 search and seizure warrants in the cities of Petrópolis, in the mountainous region of Rio de Janeiro, and Angra dos Reis, on the Green Coast. In addition to the court orders, the Federal Court also ordered the seizure of assets and values up to R$ 1.6 billion.

Strategy, a company that adopted a strategy focused on accumulating Bitcoin in its cash reserves, announced the purchase of another R$ 11 billion ($1.92 billion) in cryptocurrency on this Monday (31). The company already holds 528,185 bitcoins, representing 2.51% of the total supply.

Despite the size of the purchase, made between March 24 and 30, it did not affect the price of Bitcoin. At the time of this writing, BTC is trading at $82,500, down 5.5% in the last 7 days.

Another company adopting this same strategy is GameStop. In addition to being a famous game retailer in the US, the company also made headlines in recent years after its shares soared 10,000% during the pandemic.

The cryptocurrency exchange MEXC, one of the top 10 in the world, announced the suspension of two large groups of investors who were manipulating markets. The decision affected 182 users and 1,668 accounts.

While the first group operated from Vietnam, with only 168 accounts, the other was from the Commonwealth of Independent States (CIS), consisting of countries such as Russia, Uzbekistan, and Azerbaijan, with another 1,500 accounts.

The brokerage did not disclose which cryptocurrencies were traded by the group. However, since nearly 3,000 coins are listed on MEXC, it is likely that the manipulations occurred in smaller, low-volume projects.

A bitcoin whale that operated short in the futures market in recent days has finally closed its position in the market after making a profit.
As reported by Livecoins, the whale opened a bitcoin 'short' with high leverage of 40 times. Thus, it indicated that it believed in a strong decline of BTC, placing profit exits below $70,000 and $60,000.
With a sold position of $525 million, more than R$2.4 billion, the market quickly began to follow the trade and speculate about it.