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Stablecoin Laundering Network Lands Colombian Crypto Broker in Prison

Bitcoin.com News·October 21, 2026·1 min read
Stablecoin Laundering Network Lands Colombian Crypto Broker in Prison

A Colombian crypto broker known as 'Rey' was sentenced to 160 months in prison for laundering $14.5 million in drug proceeds using Tether's USDT and participating in a cocaine importation conspiracy. The operation connected traffickers, an unlicensed US exchange, and shell companies.

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