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DEA and FBI Seize $10 Million in Sinaloa Cartel Crypto as Drug Seizures Surge

This week’s raids focused on crippling the cartel’s revenue streams by targeting cryptocurrency networks.

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Overview

  • Agents recovered over $10 million in cryptocurrency linked to the Sinaloa cartel during coordinated Miami raids.
  • The Miami operation formed part of a nationwide sweep that recorded 44 million fentanyl pills, 4,500 pounds of fentanyl powder and nearly 65,000 pounds of methamphetamine since January.
  • Federal raids also yielded more than 201,500 pounds of cocaine and led to over 2,105 fentanyl-related arrests across multiple states.
  • Investigators uncovered advanced smuggling tactics, including 1,700 pounds of methamphetamine hidden in a Galveston vehicle and hundreds of pounds concealed in produce shipments.
  • The Sinaloa cartel retains its global terrorist designation as federal prosecutors secured a guilty plea from Ovidio Guzman Lopez in Chicago.