Authorities raided the crypto platform’s Providencia office, sought founder Jose Manuel Rios Guaido, and the CMF said registration alone did not authorize operations as Plusspay denied criminal links.
Chile’s investigation into crypto platform Plusspay has broadened after prosecutors issued an arrest warrant for founder Jose Manuel Rios Guaido and raided the company’s office in Providencia as part of “Operación Tokio,” a wider crackdown on the financial network of Tren de Aragua. Prosecutors have not yet filed formal charges against Rios Guaido, who was not found during the June 13 search and is believed to have left Chile, possibly for Venezuela or Colombia. Investigators say more than $84 million in suspicious activity was tied to the Plusspay network, which allegedly received Chilean peso transfers, converted them into stablecoins including USDT and USDC, and sent funds to wallets and bank accounts abroad. The case has also drawn attention to Chile’s fintech oversight framework after the Financial Market Commission said registration in its registry does not by itself authorize a company to operate. Plusspay has suspended operations for what it called legal reasons beyond its control and has publicly denied any connection to illicit activity or organized crime.