Cambodia and US anti drug agencies crack down on money laundering network, seize $7 million in encrypted assets

According to the Associated Press, Cambodian and American drug enforcement agencies announced on Friday that they have uncovered a cryptocurrency money laundering network used by the Sinaloa drug trafficking group. Cambodian anti drug police, in collaboration with the US Drug Enforcement Administration, seized approximately $7 million worth of cryptocurrency related to the Sinaloa drug trafficking group, arrested multiple individuals, and seized assets, drug production laboratories, and storage facilities.