DEA and FBI Seize $10 Million in Crypto From Sinaloa Cartel in Miami Crackdown
U.S. authorities confiscated over $10 million in cryptocurrency tied to Mexico's Sinaloa cartel during a multi-state operation centered in Miami. The undeclared crypto assets were seized alongside 44 million fentanyl pills and thousands of pounds of narcotics in a nationwide sweep targeting cartel financial networks.
Law enforcement agencies observe increasing cryptocurrency adoption by drug traffickers for money laundering. The Sinaloa organization previously employed hackers to eliminate informants, demonstrating sophisticated operational capabilities.