In brief
– DEA and FBI seized over $10 million in cryptocurrency directly linked to Mexico’s Sinaloa cartel during operations in Miami, Florida.
– The nationwide crackdown also recovered 44 million fentanyl pills, over 4,500 pounds of fentanyl powder, and nearly 65,000 pounds of methamphetamine since January.
– The seizure highlights growing use of cryptocurrency by drug cartels for money laundering, with the same cartel previously using hackers to track and kill FBI informants.
A new U.S. Department of Justice report highlighted that the Drug Enforcement Administration, or DEA, seized more than $10 million in cryptocurrency from Mexican drug cartel Sinaloa.
The report didn’t specify what type of cryptocurrency was seized. But it did say it was seized in Miami and was taken as part of a wider operation that includes California, Texas, Georgia and other states.
According to the report, over 44 million fentanyl pills, more than 4,500 pounds of fentanyl powder and nearly 65,000 pounds of methamphetamine have been seized nationally since January.
