DEA, FBI bust Sinaloa cartel, confiscate $10M in cryptocurrency
2025-07-16 10:41:56
Main Idea
The DEA and FBI seized over $10 million in cryptocurrency linked to the Sinaloa cartel during nationwide operations, as part of a broader crackdown on drug trafficking and money laundering.
Key Points
1. The DEA and FBI confiscated $10 million in cryptocurrency tied to the Sinaloa cartel in Miami, Florida.
2. Authorities also seized large quantities of drugs, including 65,000 pounds of methamphetamine and 201,500 pounds of cocaine since January 2025.
3. The Sinaloa cartel is labeled as a global terrorist group by the US government and is involved in trafficking fentanyl, cannabis, and MDMA.
4. Nationwide raids led to arrests and seizures, including a methamphetamine lab in California and $15 million worth of meth hidden in a vehicle in Texas.
5. Crypto-linked money laundering has surged to $21.8 billion in 2025, with North Korean actors responsible for about 12% of these transactions.
Description
US authorities confiscated massive drug quantities and dismantled meth labs nationwide while pursuing crypto-linked cartel operatives.
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