Brazilian Federal Police have dismantled a $500 million crypto money laundering network in an operation named "Kryptolaundry." The operation targeted Glaidson Acácio dos Santos, known as the "Bitcoin Pharaoh," who allegedly used shell companies and cryptocurrencies to launder funds since 2021. Authorities executed 24 search warrants and made eight arrests in connection with the case. Santos, previously implicated in a pyramid scheme, now faces charges related to financial crimes. This crackdown follows the 2024 "Lusocoin" operation, which resulted in the seizure of $540 million. In response to these incidents, Brazil is planning to implement a regulatory framework in 2026 to enhance oversight of liquidity and crypto markets.