Colombian prosecutors have uncovered a criminal network allegedly involved in laundering money using USDT and the traditional financial system, with approximately 2.3 trillion Colombian pesos in funds involved (about US$580 million), and they have arrested five people. The prosecutors said the group allegedly, between 2018 and 2026, routed proceeds from drug trafficking through the banking system and virtual-asset transfers, quickly cashed them out, and then reinvested in real estate and luxury cars to conceal the source of the funds. Relevant authorities have placed property preservation measures on 36 assets located in Medellín and Antioquia, including four properties, 19 vehicles, nine companies, and four commercial entities, with a total estimated value exceeding US$10.2 million. They have also seized three additional properties worth about US$625,000. (CriptoNoticias)