Federal Police in Brazil has taken action against a high-profile drug trafficking ring that used cryptocurrency to launder the funds obtained for its narcotics export activity to Europe.

On Thursday, the Brazilian federal Police announced the results of Operation Commodity, which terminated the activities of a group that used the port of Rio de Janeiro to smuggle cocaine hidden in coffee, cement, and mortar shipments that were mainly sent to Europe, using a logistics network spanning South America, Europe, and Asia.

Investigations hint at over 6.5 tons of cocaine processed by the group since 2021 to various European countries, including France, Belgium, Germany, Slovenia, and Spain.

During the operation, which encompassed actions in São Paulo, Minas Gerais, Santa Catarina, and Espírito Santo, 13 preventive arrests and 44 search-and-seizures were executed, with courts ordering the seizure of assets and freezing of property up to 1 billion reais (nearly $196 million). A shootout erupted in one of these locations, with a suspect dying of gunshot wounds as he resisted.

The group had links to the Primeiro Comando da Capital (PCC) and Comando Vermelho (CV), two criminal organizations that the Trump Administration designated as Specially Designated Global Terrorists (SDGTs) and were previously targeted in Operation Exchange, which dismantled a $2 billion crypto money laundering ring earlier this month.

The police indicated that a luxury car dealership located in Greater São Paulo, which offered Ferrari, Porsche, Corvette, and Land Rover vehicles, was part of the operation that used shell companies to launder the drug trafficking proceeds using cryptocurrency.

Using these shell companies, operators issued invoices without supporting documentation, introducing these funds into the Brazilian financial system and leveraging cryptocurrency to conceal and obfuscate their transactions.

“The suspects will be held accountable, to the extent of their responsibilities, for the crimes of transnational criminal organization, international drug trafficking, and money laundering, without prejudice to any other offenses that may be revealed during the course of the investigations,” the Federal Police concluded.

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