Operation ‘Gulupa’ Reveals How Colombian Cartels Use Crypto to Launder Millions
Coordinated by authorities in Colombia and Spain, “Operation Gulupa” has revealed how drug cartels are increasingly turning to crypto to launder their illicit revenue from traditional banking systems.
According to reporting by El Pais, the investigation that uncovered this complex transactional network between crypto wallets lasted 2 1/2 years and is considered the most significant case involving crypto-assets for the Colombian justice system to date.
The probe uncovered a network that trafficked drugs camouflaged in shipments of gulupa, a sweet,…
