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

On July 16, the U.S. Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) seized over $10,000,000 in cryptocurrency linked to the Sinaloa Cartel in Mexico during a joint operation in Miami, Florida. The seizure is part of a nationwide U.S. crackdown on drug trafficking.

DEA Acting Director Robert Murphy stated that 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, primarily engaged in the distribution of drugs such as cocaine, heroin, and methamphetamine. (Cointelegraph)