Brazil's Federal Police initiated the 'Lusocoin Operation' on September 24, targeting a criminal organization involved in money laundering and foreign exchange evasion through cryptocurrencies. The operation executed 13 search warrants and 11 temporary arrest warrants, freezing assets worth over 3 billion reais (approximately $550 million). These assets include 65 bank accounts, six vehicles, six properties, and around 30 crypto wallets. The investigation revealed the organization laundered approximately 50 billion reais ($9.2 billion) in illegal funds linked to drug trafficking, smuggling, tax evasion, and terrorism financing. The operation was supported by T3 FCU, TRM Labs, and Binance, resulting in the freezing of approximately 4.337 million USDT. This significant crackdown highlights the ongoing efforts to combat financial crimes facilitated by digital assets.