The vulnerabilities in traditional finance are the real breeding ground for money laundering; the 65 million in crypto is just the tip of the iceberg. Don't keep blaming the crypto world as the scapegoat.

CryptoWorld News reports that, according to Livecoins, the Brazilian Federal Police (PF) launched an operation called "fluxo oculto (hidden flow of funds)" to investigate underground financial networks related to fuel industry tax fraud. The investigation shows that the involved gangs have transferred over 26 billion reais (about $4.6 billion USD) in the past four years, including approximately 365 million reais (about $65 million USD) in cryptocurrency transactions. Law enforcement has executed 59 search warrants in five states, including São Paulo and Rio de Janeiro, and is investigating six fintech companies suspected of acting as "underground banks."