No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, May 23, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

DEA and FBI Seize $10M in Crypto From Sinaloa Cartel in Explosive US Drug Bust

by TheAdviserMagazine
10 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
DEA and FBI Seize M in Crypto From Sinaloa Cartel in Explosive US Drug Bust
Share on FacebookShare on TwitterShare on LInkedIn


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US law enforcement agencies have intensified efforts to combat drug trafficking organizations, leading to a multi-state operation that included the seizure of over $10 million in cryptocurrency.

The action, carried out by the Drug Enforcement Administration (DEA) in coordination with the Federal Bureau of Investigation (FBI), targeted the Sinaloa cartel’s operations in Miami, Florida.

This digital asset confiscation is part of a broader push to dismantle the financial infrastructure behind cartel activities, especially as traffickers increasingly turn to cryptocurrency to facilitate illegal transactions.

Seizures Extend Across Multiple States

The crypto-related seizure came amid a much larger crackdown that has taken place across the United States since January 2025. According to the US Department of Justice, law enforcement agencies have seized approximately 44 million fentanyl pills, 4,500 pounds of fentanyl powder, nearly 65,000 pounds of methamphetamine, and over 201,500 pounds of cocaine.

The operations have also led to more than 2,100 fentanyl-related arrests. Attorney General Pamela Bondi emphasized the scale of the effort in a public statement, noting that such coordinated actions are a critical part of the fight against addiction, overdose, and drug-related violence.

The $10 million cryptocurrency confiscation in Miami was one of several significant enforcement actions undertaken in recent weeks. In addition to Florida, operations took place across Texas, California, South Carolina, Georgia, Minnesota, Nebraska, and other states.

In Lexington County, South Carolina, DEA agents seized 156 pounds of fentanyl and 44 pounds of methamphetamine, along with firearms, resulting in one arrest. Similarly, in Gainesville, Georgia, 705 pounds of methamphetamine were found hidden in a truck transporting cucumbers.

In Austin, Texas, a refrigerated truck loaded with blueberries was discovered to be concealing 783 pounds of methamphetamine. In a separate Texas operation in Galveston, agents recovered over 1,700 pounds of methamphetamine valued at more than $15 million.

Meanwhile, in El Paso, 115 pounds of methamphetamine were intercepted in a vehicle equipped with a GPS tracker, an indication of the cartel’s attempts to maintain precise control over drug shipments.

In California, multiple seizures targeted methamphetamine labs and synthetic opioids. Kern County saw the dismantling of a meth conversion facility, with agents confiscating over 240 pounds of crystal methamphetamine and 151 gallons of its liquid form.

In Fresno, 24 pounds of carfentanil disguised as prescription pills were found, the largest such seizure in Northern California to date.

Crypto and the Changing Tactics of Cartels

The Miami crypto seizure shows how organized crime groups like the Sinaloa cartel are adapting their financial operations. Law enforcement agencies have observed a growing trend of using digital currencies to mask transactions, complicate traceability, and move large sums across borders.

While traditional drug trafficking methods persist, the introduction of blockchain analysis tools has made it possible for authorities to trace and seize crypto linked to illicit activity.

DEA Acting Administrator Robert Murphy highlighted the importance of these measures, stating that the agency is actively disrupting the financial underpinnings of cartel operations. “We are dismantling these networks piece by piece—and we won’t stop until the last brick of their empire falls,” Murphy said.

The global crypto market cap valuation on TradingView
The global digital currency market cap valuation. | Source: TradingView.com

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: 10MBustcartelCryptoDeadrugexplosiveFBIseizeSinaloa
ShareTweetShare
Previous Post

Meta Stock’s Breakdown Below Support Does Not Bode Well for the Broader Market

Next Post

Germany in advanced talks to buy Israeli unmanned sub – report

Related Posts

edit post
Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

by TheAdviserMagazine
May 23, 2026
0

Make CryptoSlate preferred on Bitcoin was created as a response to the kind of debt-financed monetary disorder now playing out...

edit post
What The Bitcoin Transaction Volume Crashing Could Do To The Price

What The Bitcoin Transaction Volume Crashing Could Do To The Price

by TheAdviserMagazine
May 23, 2026
0

Bitcoin’s transaction volume is falling alongside its price. At first glance, that sounds bearish because weak activity is usually a...

edit post
Bitcoin Price Rises Above k as U.S. and Iran Near Deal to Extend Ceasefire

Bitcoin Price Rises Above $75k as U.S. and Iran Near Deal to Extend Ceasefire

by TheAdviserMagazine
May 23, 2026
0

The Bitcoin price is back above the psychological $75,000 level after briefly dipping below it earlier in the day. BTC’s...

edit post
Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation

Bitcoin Slides as Coinbase Bitcoin Premium Index Signals Reduced Institutional Accumulation

by TheAdviserMagazine
May 23, 2026
0

Key TakeawaysThe index dropped to -0.085% on May 22, its monthly low, per Coinglass.Data shows institutional selling on Coinbase has...

edit post
ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

ECB Rejects Euro Stablecoin Push, Warning of Risks to Banks and Monetary Policy

by TheAdviserMagazine
May 23, 2026
0

The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank...

edit post
Korea To Revisit Crypto Tax Plan As Petition Tops 50K Signs

Korea To Revisit Crypto Tax Plan As Petition Tops 50K Signs

by TheAdviserMagazine
May 23, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean lawmakers are expected to review...

Next Post
edit post
Germany in advanced talks to buy Israeli unmanned sub – report

Germany in advanced talks to buy Israeli unmanned sub - report

edit post
market strategy: Unsecured loan demand to rebound in H2, aiding margin recovery: Nitin Aggarwal

market strategy: Unsecured loan demand to rebound in H2, aiding margin recovery: Nitin Aggarwal

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck

Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck

0
edit post
Bitcoin Price Rises Above k as U.S. and Iran Near Deal to Extend Ceasefire

Bitcoin Price Rises Above $75k as U.S. and Iran Near Deal to Extend Ceasefire

0
edit post
Brigette’s 2 Grocery Shopping Trip and Weekly Menu Plan for 6!

Brigette’s $102 Grocery Shopping Trip and Weekly Menu Plan for 6!

0
edit post
Disinformation researchers are suing Marco Rubio — and the mechanism in the complaint matters more than the politics

Disinformation researchers are suing Marco Rubio — and the mechanism in the complaint matters more than the politics

0
edit post
From Seniors to ‘Generation Jones’: Why 2026 Media Outlets Are Shifting Away From the ‘Elderly’ Label

From Seniors to ‘Generation Jones’: Why 2026 Media Outlets Are Shifting Away From the ‘Elderly’ Label

0
edit post
“Big Oil Tax” Proposals: Analysis of Windfall Profits Taxes

“Big Oil Tax” Proposals: Analysis of Windfall Profits Taxes

0
edit post
Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck

Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck

May 23, 2026
edit post
As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz

As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz

May 23, 2026
edit post
Is Goldman Sachs a Better Buy After Earnings Than Wall Street Thinks?

Is Goldman Sachs a Better Buy After Earnings Than Wall Street Thinks?

May 23, 2026
edit post
EBT Processing Alert: Why Some Households May See a 48-Hour Delay Before Their Next Scheduled Deposit This Week

EBT Processing Alert: Why Some Households May See a 48-Hour Delay Before Their Next Scheduled Deposit This Week

May 23, 2026
edit post
From Seniors to ‘Generation Jones’: Why 2026 Media Outlets Are Shifting Away From the ‘Elderly’ Label

From Seniors to ‘Generation Jones’: Why 2026 Media Outlets Are Shifting Away From the ‘Elderly’ Label

May 23, 2026
edit post
Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

Bitcoin’s hard-money thesis is colliding with 5% Treasury yields

May 23, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck
  • As U.S.-Iran deal nears, Trump ally warns against creating perception Tehran controls Hormuz
  • Is Goldman Sachs a Better Buy After Earnings Than Wall Street Thinks?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.