DEA and FBI Don Take $10M Sinaloa Cartel Crypto for Drug Crackdown
DEA an FBI agents dem for Miami don seize over $10 million for cryptocurrency wey relate to Sinaloa Cartel. Dis crypto seize na part of big federal crackdown against illegal money. Since January 2025, authorities don carry away 44 million fentanyl pills, 4,500 pounds fentanyl powder, 65,000 pounds methamphetamine and over 201,500 pounds cocaine, wey lead to 2,100 arrests for fentanyl matter. Acting DEA Administrator Robert Murphy talk say dem dey use strong blockchain analytics to track money laundering networks. Attorney General Pamela Bondi warn public about fake pills. Analysts for Elliptic report say illegal crypto flows reach $21.8 billion for 2025, North Korean hackers na responsible for 12%. Hacks for cross-chain platforms like THORChain show say vulnerability still dey. Dis crypto seize show how US agencies dey update strategy to stop cartel money and make market transparency better.
Neutral
Even tho di high-profile crypto seizure show say law enforcement dey put more pressure plus blockchain analytics don advance, di $10 million wey dem confiscate na small part of di whole market kapital. Traders suppose sabi say short-term wahala fit show because of regulatory checking, but di move no too go change long-term cryptocurrency value well-well. Market feeling fit remain cautious but generally stable.