US Authorities Seize $10 Million in Cryptocurrency from Sinaloa Cartel This Year

The Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) have announced the seizure of approximately $10 million in cryptocurrency belonging to the Mexican Sinaloa Cartel during the current year. This operation is part of an intensified effort to combat the financing of drug trafficking operations through the use of digital assets. Officials stated that this seizure represents a significant blow to the cartel and disrupts its ability to launder money and fund its illegal activities. They emphasized the continued cooperation between the two agencies to pursue criminals who use cryptocurrency in their criminal endeavors. This operation is one of the largest seizures targeting cryptocurrency used in drug trafficking, highlighting the increasing use of these currencies in illicit activities and the authorities’ efforts to combat them.