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Brazilian Police Arrests Suspect In Money Laundering Case Using Bitcoin [BTC].

In line with a ‘report‘ published, Brazil police has recently arrested an individual for operating a hidden drug laboratory, thereby using the ‘cryptocurrencies‘ mainly Bitcoin [BTC] to launder the proceeds.

Denarc – The State Department of Drug Trafficking in Porto Alegre, Rio Grande do Sul, reportedly identified a bitcoin based mining laboratory in an exceedingly small house while chasing a suspected trafficker, earlier on 23rd April. The report says that the discovery is “something thought of uncommon in Rio Grande do Sul.”

At the site, enforcement officers discovered around 25 mining machines, that ran continuously for 24 hours daily, along with “sophisticated” software and hardwares, and is estimated to be priced over 250,000 reals [around $63,000 USD].

As per the police, the one who claimed to be incharge for these equipments argued that “he rented the area and was ‘mining‘ Bitcoin [BTC] as an investment – which isn’t abnormal.” The suspect was reportedly penalized for illicit use of household power supply.

As reported earlier in April, the Manhattan attorney ‘indicted‘ a bunch of people with allegedly selling drugs and laundering millions of dollars using Bitcoin’ [BTC]. The defendants illicitly operated stores on the Dark-Web that sold-out and shipped “hundreds of thousands” of tablets of counterfeit drugs.

Just recently, a U. S. federal jury ‘found‘ two alleged cybercriminals guilty of spreading malware to steal credit card details and illicitly mine ‘cryptocurrency‘. The infected computers conjointly reportedly registered over a 100,000 AOL email accounts that were deployed to spread the malware even further more with countless emails sent to the stolen addresses.

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