Colombia and U.S. Authorities Dismantle Crypto Money Laundering Network Linked to Mexican Cartel

Colombian and U.S. law enforcement agencies have successfully dismantled a transnational cryptocurrency money laundering network associated with Mexico's Jalisco New Generation Cartel (CJNG). According to ChainCatcher, the network has transferred over $190 million in illegal funds through cryptocurrency channels since 2023. Authorities seized multiple crypto wallets and cash during the operation. The investigation revealed that the network employed tactics such as fund splitting, multi-wallet transfers, cross-jurisdictional movements, and token swaps to evade tracking. Specific details regarding the cryptocurrencies involved, trading platforms, and the number of arrests have not yet been disclosed, as the investigation is still ongoing.