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Crypto, Financial Crime, Financial Services, US

United States DEA detects global drug criminals used by Binance to launder millions in crypto

By Alisha Houlihan for AMLi

The US Drug Enforcement Administration (DEA) officials are investigating a methamphetamine and cocaine gang that used Binance to launder tens of millions of dollars in drug proceeds.

It has been alleged that Binance funnelled between $15 ($14) and $40M (€38M) in illicit proceeds, according to Forbes.

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