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Colombian authorities, working with U.S. investigators, uncovered a drug-trafficking money laundering ring that used cryptocurrency and arrested eight suspects, Bitcoin.com reported.
Colombia’s Attorney General’s Office said it carried out a joint crackdown with U.S. intelligence authorities in four areas: Cajica, Maicao, Barranquilla and Bogota. Colombian prosecutors said they plan to pursue extradition proceedings to the U.S. under Colombian law while observing due process for the arrested suspects.