U.S. Law Enforcement Seizes Over $10,000,000 in Cryptocurrency from Sinaloa Cartel

On July 16, Cointelegraph reported that the U.S. Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) seized over $10.000.000 in cryptocurrency linked to the Mexican Sinaloa Cartel in a joint operation in Miami, Florida. The seizure is part of a nationwide U.S. crackdown on drug trafficking. DEA Acting Administrator Robert Murphy said they are gradually dismantling these criminal networks. The Sinaloa Cartel is one of six Mexican "terrorist" drug trafficking organizations identified by the U.S. government and is primarily engaged in the distribution of drugs such as cocaine, heroin, and methamphetamine. [TechFlow]