Brazilian gov't gets help from US Justice Department to seize $24M in crypto
Cointelegraph
Published Nov 05, 2020 04:37PM ET
Updated Nov 05, 2020 06:20PM ET
According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government.
The Department of Justice, or DoJ, said that the government of Brazil requested its assistance in connection to a crypto fraud scheme called “Operation Egypto.” Authorities in the South American nation reported that more than 10,000 Brazilians may have been defrauded from the scheme, in losses estimated at roughly $200 million.
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Written By: Cointelegraph
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