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Major Crypto Seizure in SC: Foxbit Assists Police in Record-Breaking Self-Custody Asset Recovery
June 19, 2026•07:31 AM
In a landmark operation, the Civil Police of Santa Catarina (PCSC) has executed judicial orders targeting a massive financial scheme involving the illegal theft of R$ 9 million. The investigation highlights the crucial role played by the Foxbit exchange, which cooperated with authorities to facilitate the largest seizure of self-custody cryptocurrencies in the state's history.
This crackdown, led by the Cybercrime Repression Department (DRCI), underscores the increasing ability of law enforcement to track digital assets even in self-custody scenarios. The successful collaboration between a major exchange and the police serves as a significant precedent for the intersection of cryptocurrency regulation and criminal investigation in Brazil.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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