Woofun AI reports that Brazilian police initiated "Operation Veil of Maya", executing nine simultaneous search warrants in São Paulo, Ribeirão Preto, Porto Alegre, and Canoas to dismantle a money laundering syndicate linked to 87 shell companies. Investigations indicate that cryptocurrencies served as the primary mechanism for cross-border fund transfers within this network, where illicit proceeds were converted into digital assets and moved overseas. Suspects face potential charges including money laundering, tax evasion, and participation in organized crime, though authorities have not disclosed the total value of funds or seized assets.