DEA, FBI Have Seized $10 Million in Crypto From Mexican Drug Cartel Sinaloa This Year
2025-07-16 15:24:50
Main Idea
The DEA seized over $10 million in cryptocurrency linked to drug trades, highlighting the use of crypto in illicit activities.
Key Points
1. The DEA, in collaboration with the FBI, seized more than $10 million in cryptocurrency connected to drug trafficking.
2. Nearly 65,000 pounds of methamphetamine were seized nationally since January.
3. The DEA report emphasized the use of cryptocurrency in drug trades and other illicit activities.
4. Tether and Binance representatives acknowledged challenges in preventing crypto from being used by bad actors.
5. Earlier reports linked cartel bosses to narco-terrorism through their crypto transactions.
Description
A quarterly report from the DOJ reveals Mexican Sinaloa cartel was raided in 2025 and agents seized $10 million in crypto in Miami, Florida.
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