Cambodian and U.S. drug agencies said on Friday that they had dismantled a cryptocurrency laundering network used by Mexico’s Sinaloa cartel. The operation was carried out by Cambodian anti-narcotics police and the U.S. Drug Enforcement Administration. Authorities said they seized about $7 million in crypto linked to the cartel, arrested multiple people, and found assets, drug labs and storage facilities. The report was attributed to the Associated Press.
The Associated Press reported that Cambodian and U.S. drug agencies said on Friday they had broken up a cryptocurrency laundering network used by Mexico’s Sinaloa cartel.
The operation was carried out by Cambodian anti-narcotics police and the U.S. Drug Enforcement Administration. Authorities said they seized about $7 million in cryptocurrency linked to the Sinaloa cartel, arrested multiple people, and found assets, drug labs and storage facilities.
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