Cambodia and US Drug Enforcement Agencies Jointly Crack Down Cryptocurrency Laundering Network, Seize Around $7 Million in Crypto Assets

According to the Associated Press, the Cambodian and US Drug Enforcement Agencies said on Friday that they have uncovered a cryptocurrency money laundering network used by Mexican Sinaloa drug cartels.

The operation was carried out by the Cambodian Anti-Drug Police in cooperation with the US Drug Enforcement Administration, which seized approximately $7 million in cryptocurrencies linked to Sinaloa drug cartels, arrested several people, and seized assets, drug production laboratories, and storage facilities.