Chilean authorities uncover $90M crypto laundering ring with bank insider

Prosecutors and police in Chile's southern metropolitan region have uncovered a cryptocurrency money laundering operation worth approximately $90 million, arresting around 20 individuals, Criptonoticias reported. The group is accused of converting illicit funds into cryptocurrency through exchanges and then transferring the money overseas. An account manager at Banco Santander is also reported to be involved in the scheme. Prosecutors described the case as one of the largest money laundering incidents in Chile in recent times.