Insiders in traditional finance are harder to audit than DeFi smart contracts—$90 million was washed away just like that.

According to a report by Criptonoticias, CryptoWorld News reported that the Southern Metropolitan Prosecutor’s Office in Chile, together with the Chilean Investigative Police, dismantled a money laundering network related to Tren de Aragua. The case involved about 90 million US dollars, and approximately 20 people were arrested. The network is suspected of converting illegal funds into cryptocurrencies through exchanges and transferring them overseas. One Banco Santander account manager was among those arrested. Prosecutor Héctor Barros said this is one of the largest money laundering cases in Chile in recent years, and the related illegal activities were not carried out through the bank’s corporate infrastructure; the bank has cooperated with the investigation.