DEA, FBI Have Seized $10 Million in Crypto From Mexican Drug Cartel Sinaloa This Year

A new US Department of Justice report emphasizes that the drug Enforcement Administration, or DEA, seized more than $ 10 million in cryptocurrency from Mexican drug cartel Sinaloa.

The report did not indicate which type of cryptocurrency was seized. But it did say that it was seized in Miami and was taken as part of a broader operation that includes California, Texas, Georgia and other states.

According to the report, more than 44 million fentanyl pills, more than 4,500 pounds of fentanyl powder and nearly 65,000 pounds methamphetamine have been seized since January.

“DEA touches the cartels where it hurts -with arrests, with attacks and with non -repellent pressure,” said Dea -ancanding Administrator Robert Murphy.

The DEA collaborated with the FBI and, according to the Ministry of Justice, “grabbed” more than $ 10 million dollars in cryptocurrency, directly linked to the Sinaloa cartel. “

This is the same cartel that is responsible for the use of hackers to find and kill informants.

Last month the cartel hired a hacker who managed to have access to telephone data and surveillance cameras from Mexico City. These were used to follow and kill FBI informants, according to the Ministry of Justice.

In the past, drug cartels are linked to Crypto with reports that reveal that Tether is closely linked to the transactions of medicines.

“In contrast to Fiat -Valuta, which remains the dominant form of financing for criminal and terrorist efforts worldwide, Tether has the opportunity to keep track of all transactions and to stop USDT when it is used in an illegal way,” a chain representative said, a representative said Decrypt In November.

“Despite our efforts, like most companies, we cannot always stop preventively with every bad actor,” a Binance spokesperson also said that Decrypt at that time.

Earlier this year, in May, Decrypt Reported about cartel bosses accused of narco-terrorism after links to their crypto use had been discovered. This came when blockchain researchers recognized how cartel drug profits used crypto as a way to wash their profit.