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Stablecoin Laundering Network Lands Colombian Crypto Broker in Prison

Josh1 min read

Prison cellsA Colombian cryptocurrency broker known as “Rey” has been sentenced to 160 months in federal prison for helping launder $14.5 million in drug proceeds using Tether’s USDT and participating in a cocaine importation conspiracy. The operation connected Colombian drug traffickers, an unlicensed American crypto exchange, and a web of shell companies. Prosecutors also secured a […]

Source: https://news.bitcoin.com/regulation-and-legal/stablecoin-laundering-network-lands-colombian-crypto-broker-in-prison/

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