The U.S. Drug Enforcement Administration handles $19 million in drug trafficking funds during undercover operations, some of which flows into cryptocurrency
Internet reports that the U.S. Drug Enforcement Administration (DEA) successfully penetrated and controlled the money laundering network of the Colombia drug trafficking group in an undercover operation that lasted for more than a decade, processing a total of approximately US$19 million in funds, some of which were transferred to cryptocurrency accounts. The operation eventually led to the indictment of two heroin traffickers. Relevant documents show that in 2018, DEA undercover officers transferred US$150,000 to Coinbase accounts and converted them into more than 13 bitcoins. Benefiting from the increase in prices, these assets are currently worth more than US$1.5 million. The Justice Department is seeking to recover the funds. (Forbes)
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