Colombia Arrests Eight in Crypto Drug Money Laundering Case

TLDR Colombian authorities arrested eight people accused of laundering drug cartel money with cryptocurrency, working with U.S. intelligence agencies. Raids took place in four locations: Cajicá, Maicao, Barranquilla, and Bogotá. A Puerto Rico federal court accuses a group led by “Gallo” of using crypto tokens and smurfing to hide drug funds. Nassim Orfale Vasquez, indicted [...]

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