More than $10 million in cryptocurrency tied to the Sinaloa cartel was seized by the Drug Enforcement Administration (DEA) and the Federal Bureau of Investigation (FBI) during an operation in Miami.
According to a July 15 press release by the Department of Justice, this confiscation is part of a nationwide investigation that began in January 2025.
Since then, authorities have taken 44 million fentanyl pills, 4,500 pounds of fentanyl powder, nearly 65,000 pounds of methamphetamine, and over 201,500 pounds of cocaine off the streets.
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Acting DEA Administrator Robert Murphy said:
DEA is hitting the cartels where it hurts, with arrests, with seizures, and with relentless pressure. “We are dismantling these networks piece by piece, and we won’t stop until the last brick of their empire falls.
The Sinaloa cartel is one of six Mexican organizations the US has labeled as a global terrorist group. It is involved in trafficking cocaine, heroin, methamphetamine, fentanyl, cannabis, and MDMA.
Recent raids highlight the scale and creativity of the cartel’s smuggling operations, according to the press release.
In Georgia, authorities discovered over 700 pounds of meth hidden in a shipment of cucumbers. In Texas, officers found 1,700 pounds of meth, valued at around $15 million, concealed inside a vehicle.
Meanwhile, the Global Investigative Operations Center (GIOC), a division of the US Secret Service, has recovered nearly $400 million in cryptocurrency over the past ten years. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
