Audit log

Every state-changing event for BRZ: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-11-08 12:08:59Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 466,909,807

   sig

   38s6sdTdbPi6…Jw8xGwnNcopyexplorer ↗

   hash

   EEeRtnQ8Z2yM…UMaoc7pxcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (5243 B) ▸

   {"actor":"system:backfill","investigation_id":"99ea9732-163c-48ea-a4d9-036c1b7286ba","kind":"publish","page_slug":"brz","published_at":"2026-11-08T12:08:59.029Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"BRZ","sections":[{"content":"BRZ is described by Transfero as a digital representation of the Brazilian real, maintained at a 1:1 peg through mint and burn, with each token said to be backed by reais held by regulated partners (issuer claim, not independently verified here). Sources disagree on the issuing entity: some name Transfero Swiss AG, and others cite Transfero Asset Management Ltd (Bahamas) as the mint administrator in the whitepaper. One secondary summary reports that Transfero's Brazilian entity was authorized by Banco Central do Brasil as an electronic money payment institution in August 2023; this was not verified against an official source. The corporate structure should be treated as unresolved.","heading":"Overview and issuer structure","severity":"medium","sources":[{"credibility":2,"name":"Transfero - BRZ stablecoin","type":"official","url":"https://transfero.com/brz-stablecoin"},{"credibility":2,"name":"Transfero Brings Digital Brazilian Real to Avalanche","type":"official","url":"https://medium.com/avalancheavax/transfero-brings-digital-brazilian-real-to-avalanche-65e9a61b203"}]},{"content":"After the FTX collapse, InfoMoney reported on 9 November 2022 that FTX held the largest share of BRZ trading volume and that Transfero had received R$40 million from FTX in 2020. Transfero's CEO said the company was negotiating to recover BRZ tokens held by FTX, that it holds custody of the assets backing BRZ, and that it was not dependent on FTX. These are company statements as reported. The article reported market capitalization of about US$188 million at the time. No later report of loss or depeg was found.","heading":"FTX exposure (2022)","severity":"medium","sources":[{"credibility":2,"name":"InfoMoney - Cripto brasileira BRZ nao depende apenas da FTX","type":"news_article","url":"https://www.infomoney.com.br/?p=1979412"}]},{"content":"Brazil's central bank proposed in late 2024 restrictions on stablecoin transfers to self-custodial wallets, and later rules reportedly treat certain stablecoin transactions as foreign-exchange operations. These are sector-wide measures, not actions against BRZ or Transfero. No enforcement action specific to BRZ was found. Reserve audit claims (attributed to Parsiq in one summary) could not be verified.","heading":"Regulatory environment","severity":"low","sources":[{"credibility":2,"name":"Invezz - Brazil central bank proposes stablecoin transfer restrictions","type":"news_article","url":"https://invezz.com/news/2024/12/03/brazils-central-bank-pushes-for-stablecoin-transfer-restrictions-under-new-regulation"},{"credibility":2,"name":"Cointelegraph - Brazil central bank bars virtual assets from cross-border payment service","type":"news_article","url":"https://cointelegraph.com/news/brazil-central-bank-bars-virtual-assets-from-cross-border-payment-service-efx"}]}],"sources_used":[{"credibility":2,"name":"Transfero - BRZ stablecoin","type":"official","url":"https://transfero.com/brz-stablecoin"},{"credibility":2,"name":"Transfero Brings Digital Brazilian Real to Avalanche","type":"official","url":"https://medium.com/avalancheavax/transfero-brings-digital-brazilian-real-to-avalanche-65e9a61b203"},{"credibility":2,"name":"InfoMoney - BRZ and FTX","type":"news_article","url":"https://www.infomoney.com.br/?p=1979412"},{"credibility":2,"name":"Invezz - Brazil stablecoin transfer restrictions","type":"news_article","url":"https://invezz.com/news/2024/12/03/brazils-central-bank-pushes-for-stablecoin-transfer-restrictions-under-new-regulation"},{"credibility":2,"name":"Cointelegraph - Brazil central bank and virtual assets","type":"news_article","url":"https://cointelegraph.com/news/brazil-central-bank-bars-virtual-assets-from-cross-border-payment-service-efx"}],"summary":"BRZ is a stablecoin pegged to the Brazilian real, issued by Transfero and launched in 2019. Searches found no reports of a hack, depeg, lawsuit or enforcement action against BRZ. The issuer's corporate structure is described inconsistently across sources, and reserve claims are self-reported.","timeline":[{"date":"2019","event":"BRZ launched by Transfero as a Brazilian real-pegged stablecoin.","source":"Transfero","source_url":"https://transfero.com/brz-stablecoin"},{"date":"2022-05","event":"Transfero brought BRZ to Avalanche.","source":"Avalanche Medium","source_url":"https://medium.com/avalancheavax/transfero-brings-digital-brazilian-real-to-avalanche-65e9a61b203"},{"date":"2022-11-09","date_evidence":"published November 9, 2022","event":"Transfero CEO addresses BRZ exposure to FTX collapse and says it is negotiating to recover tokens held by FTX.","source":"InfoMoney","source_url":"https://www.infomoney.com.br/?p=1979412"},{"date":"2024-12","event":"Brazil central bank draft rules propose restricting stablecoin transfers to self-custody wallets.","source":"Invezz","source_url":"https://invezz.com/news/2024/12/03/brazils-central-bank-pushes-for-stablecoin-transfer-restrictions-under-new-regulation"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision be4748ad-8426-4ccd-8d75-c26219fdd4d2copy