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    <p>Seven people have been arrested following a robbery that saw a Brazilian businessman lose R$1.2 million ($237,000) worth of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> and his family held hostage at gunpoint for three hours.</p>
    <p>According to the Santa Catarina Civil Police, the group entered the victims’ home in Praia Brava in January and used threats of violence against family members and employees to <a rel="noopener noreferrer nofollow" title="extort" href="https://thebittimes.com/tag/extort.html">extort</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>, jewelry, electronics, and cash.&nbsp;</p>
    <p>In response, authorities launched an investigation that saw temporary arrest warrants issued for eight suspects. During the so-called ‘blockchain operation,’ police tracked down the stolen crypto, following transfers to numerous wallets in Argentina and Peru, and ultimately seizing <strong>R$1.2 million worth of funds</strong>.</p>
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       Fintech owner laundered millions with bitcoin for ‘finger cutter’ drug lord, police say
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    <p><em>Read more: Brazil gang caught laundering illegal gold with <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a></em></p>
    <p>Brazilian authorities, working with Interpol, arrested two residents of Buenos Aires last week and one from Ituporanga D’Ajuda the following day. <strong>Two members of the group had previously been arrested as part of ‘Operation X,’ for their alleged part in a bank robbery</strong>.&nbsp;</p>
    <p>Another suspect had also been arrested for a different robbery while the seventh was arrested at his home in Balneário Camboriú. The eighth accused member is still on the run.&nbsp;&nbsp;</p>
    <p>All arrested individuals are currently in jail and stand accused of “<strong>qualified robbery and qualified <a rel="noopener noreferrer nofollow" title="extort" href="https://thebittimes.com/tag/extort.html">extort</a>ion</strong>.” The police inquiry will reportedly be finished within 30 days.&nbsp;&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/serial-brazilian-thieves-busted-after-crypto-extortion-tbt65841.html">https://thebittimes.com/serial-brazilian-thieves-busted-after-crypto-extortion-tbt65841.html</a></p>

Serial Brazilian thieves busted after crypto extortion

TheBitTimes

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