Serial Brazilian thieves busted after crypto extortion
Seven people have been arrested following a robbery that saw a Brazilian businessman lose R$1.2 million ($237,000) worth of crypto and his family held hostage at gunpoint for three hours. According to the Santa Catarina Civil Police, the group entered the victims’ home in Praia Brava in January and used threats of violence against family members and employees to extort crypto , jewelry, electronics, and cash. In response, authorities launched an investigation that saw temporary arrest warrants issued for eight suspects. During the so-called ‘blockchain operation,’ police tracked down the stolen crypto, following transfers to numerous wallets in Argentina and Peru, and ultimately seizing R$1.2 million worth of funds . Fintech owner laundered millions with bitcoin for ‘finger cutter’ drug lord, police say Read more: Brazil gang caught laundering illegal gold with crypto Brazilian authorities, working with Interpol, arrested two residents of Buenos ...