The DEA processed $19 million in drug trafficking funds in an undercover operation, some of which went into cryptocurrency.

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MarsBit
08-20
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Mars Finance News: On August 20, the U.S. Drug Enforcement Administration (DEA) successfully infiltrated and controlled the money laundering network of a Colombian drug trafficking group during an undercover operation spanning over a decade, handling approximately $19 million in funds, with some funds transferred to cryptocurrency accounts. The operation ultimately led to the prosecution of two individuals involved in heroin trafficking. Related documents show that in 2018, DEA undercover agents transferred $150,000 to a Coinbase account and exchanged it for over 13 bitcoins, which, benefiting from price appreciation, are now worth more than $1.5 million. The Department of Justice is seeking to recover these funds. (Forbes)

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