Cambodia uncovers crypto laundering network tied to Mexico’s Sinaloa cartel

Cambodian authorities uncovered a cryptocurrency money-laundering network used by Mexico’s Sinaloa cartel, the AP reported. The cartel is described as a major criminal group designated by the Trump administration as a foreign terrorist organization, and the authorities worked with the U.S. Drug Enforcement Administration to make arrests and seize assets. The operation also led to the seizure of about $7 million worth of cryptocurrency.

Source: Coinness