DOJ Nabs Cartel Intermediary in $4M Crypto Money Laundering Scheme

The US Department of Justice (DOJ) has successfully arrested an intermediary in a $4M cryptocurrency money laundering scheme. The individual is believed to be connected to a cartel, although no further details about their affiliation have been released.

According to the DOJ, this intermediary facilitated transactions involving significant amounts of cryptocurrency, ultimately allowing the laundered funds to be transferred into traditional financial systems. The exact scope and scale of the operation are still unclear, but authorities confirm that millions of dollars were involved.