The U.S. Department of Justice has indicted a transnational drug trafficking ring linked to former Canadian Olympic athletes, alleging that the ring laundered money using blockchain technology.

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According to Foresight News , the U.S. Department of Justice has indicted a drug trafficking ring involving 10 people, including former Canadian Olympic snowboard slalom athlete Ryan James, and accused the transnational drug network of using five different blockchain networks for money laundering. As part of the indictment, the U.S. Office of Foreign Assets Control added more than a dozen different cryptocurrency addresses located on Bitcoin, Ethereum, Solana, Tron, and BNB Chain to its sanctions list.

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