Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The DEA processed $19 million in drug trafficking funds in an undercover operation, some of which went into cryptocurrency.
3days ago

According to Odaily Planet Daily, the US Drug Enforcement Administration (DEA) successfully infiltrated and controlled a Colombian drug cartel's money laundering network during an undercover operation spanning over a decade, processing approximately $19 million, some of which was transferred into cryptocurrency accounts. The operation ultimately led to the indictment of two individuals involved in heroin trafficking. Documents show that in 2018, undercover DEA agents transferred $150,000 to a Coinbase account and exchanged it for over 13 bitcoins. Thanks to price increases, these assets are now valued at over $1.5 million. The Department of Justice is seeking to recover the funds. (Forbes)