Drug – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 29 Aug 2025 09:51:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Drug – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 US Banks Moved $312B in Chinese Drug Money, But Crypto Gets the Blame https://earlybirdsinvest.com/us-banks-moved-312b-in-chinese-drug-money-but-crypto-gets-the-blame/ https://earlybirdsinvest.com/us-banks-moved-312b-in-chinese-drug-money-but-crypto-gets-the-blame/#respond Fri, 29 Aug 2025 09:51:19 +0000 https://earlybirdsinvest.com/us-banks-moved-312b-in-chinese-drug-money-but-crypto-gets-the-blame/

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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US financial institutions processed $312 billion in suspicious transactions linked to Chinese money laundering networks between January 2020 and December 2024, according to a new FinCEN analysis of 137,153 Bank Secrecy Act reports.

These surprisingly unexpected big figures emerge as crypto exchanges face intensified regulatory scrutiny for money laundering, despite traditional banking systems handling vastly larger volumes of illicit funds.

Chinese money laundering networks have established sophisticated partnerships with Mexico-based drug cartels, exploiting currency restrictions in both countries.

Mexican currency laws prevent large dollar deposits in local banks, while China’s currency controls limit overseas transfers by its citizens. This regulatory gap allows cartels to sell illicit dollars to Chinese nationals seeking to circumvent Beijing’s capital controls.

The networks extend beyond drug trafficking into human trafficking, healthcare fraud, and real estate purchases worth $53.7 billion in suspicious activity.

FinCEN identified 1,675 reports involving human trafficking and 43 reports covering $766 million in suspicious adult day care center activity in New York alone.

Banks Handle Bulk of Criminal Money While Crypto Faces Heat

Banks accounted for $246 billion of the total suspicious transactions, while money service businesses handled $42 billion and securities firms processed $23 billion.

The average annual flow through US banking systems reached $62 billion from Chinese money laundering operations alone.

Historical cases reveal systematic banking vulnerabilities to criminal exploitation.

Wachovia Bank laundered $350 billion for Mexican drug cartels between 2007 and 2010, receiving only a $160 million penalty despite the massive scale.

Danske Bank processed $228 billion in suspicious transactions from Russia between 2007 and 2015, ignoring internal warnings throughout the period.

Similarly, HSBC paid $1.9 billion in 2012 for allowing drug cartels to transfer hundreds of millions through accounts, with criminals using specially designed cash deposit boxes that fit perfectly into bank slots.

TD Bank agreed to pay over $3 billion after prosecutors found the institution had been used to launder more than $470 million through Chinese networks in New York and New Jersey.

In fact, dating back to 2021, the 1MDB scandal involved over $1 billion stolen through global banking networks, with funds used to purchase luxury real estate, yachts, and artwork across major cities.

Bank of Credit and Commerce International laundered billions for drug cartels and corrupt governments before its 1991 closure forced stricter international banking regulations.

Criminal organizations recruit bank employees as complicit insiders and use counterfeit Chinese passports to facilitate account openings.

Money mules often report occupations as “student,” “housewife,” or “retired” during onboarding to explain large transaction volumes that are inconsistent with their stated professions.

Regulators Target Crypto Despite Minimal Illicit Activity Share

Cryptocurrency transactions represent ‘less than 1%’ of total money laundering activity globally, according to TRM Labs.

In fact, Chainalysis data shows illicit crypto volumes totaled approximately $189 billion over five years, compared to over $2 trillion laundered annually through traditional financial systems worldwide.

US Banks Moved $312B in Chinese Drug Money, But Crypto Gets the Blame

Despite this disparity, regulators are intensifying their enforcement actions against crypto.

Most recently, Binance Australia was required to appoint an external auditor within 28 days after AUSTRAC identified “serious concerns” with its anti-money laundering controls.

French authorities have also launched investigations into Binance over alleged violations, while European regulators are considering penalties against OKX following $100 million in allegedly laundered funds.

Australian enforcement expanded through systematic compliance reviews, with AUSTRAC targeting 13 remittance providers while investigating 50 additional platforms.

The agency cancelled or refused renewals for nine providers that failed to comply with their obligations, contrasting sharply with the limited penalties imposed on the banking sector despite vastly larger suspicious transaction volumes.

Senator Elizabeth Warren continues to demand tougher crypto regulations, stating, “Bad actors are increasingly turning to cryptocurrency to enable money laundering.”

However, FinCEN data reveals that Chinese money laundering networks primarily operate through traditional banking channels rather than digital assets.

Blockchain analytics firm Chainalysis reported illicit crypto transactions reached $51.3 billion in 2024, an 11.3% increase, but still representing a fraction of the $312 billion in suspicious banking transactions identified during the same period.


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Trump and RFK Jr blame “a drug or something” for autism https://earlybirdsinvest.com/trump-and-rfk-jr-blame-a-drug-or-something-for-autism/ https://earlybirdsinvest.com/trump-and-rfk-jr-blame-a-drug-or-something-for-autism/#respond Wed, 27 Aug 2025 09:07:28 +0000 https://earlybirdsinvest.com/trump-and-rfk-jr-blame-a-drug-or-something-for-autism/

In a meeting that combined the scientific rigor of a flat Earth convention with the intellectual depth of a graphene monolayer, Donald Trump and Robert F. Kennedy Jr. joined forces to announce their theory on the “real” cause of autism, dismissing decades of research pointing to genetic factors.

“There has to be something artificially causing this, meaning a drug or something,” declared Trump, whose medical advice includes injecting bleach to cure COVID-19.

RFK Jr., who is controlled by a parasitic worm in his brain, promised a full report by September. He would get to it sooner, but there are a lot of dead bear cubs to leave in New York City’s Central Park.

The undynamic duo expressed shock at rising autism rates, displaying the same understanding of statistical analysis as a capybara has of quantum physics. Experts point out that better diagnostic criteria and increased awareness explain the trend, but why let facts ruin a perfectly good panic?

“My opinions about vaccines are irrelevant,” Kennedy said in a May House hearing. “I don’t want to seem like I’m being evasive, but I don’t think people should be taking medical advice from me.” Comforting words from the Health Secretary of the United States.

Previously:
• Photographer spills tea on nightmare photo shoot with RFK Jr: ‘My experience was at the top of the worst I’ve had professionally’
• Congress and RFK Jr seek to prove the organ harvesting conspiracy theory is true
• RFK Jr investigated for beheading whale with chainsaw
• Kennedy’s former nanny speaks out about alleged groping in family home

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US DOJ, Europol seize world’s largest dark web drug market operating via Monero https://earlybirdsinvest.com/us-doj-europol-seize-worlds-largest-dark-web-drug-market-operating-via-monero/ https://earlybirdsinvest.com/us-doj-europol-seize-worlds-largest-dark-web-drug-market-operating-via-monero/#respond Wed, 18 Jun 2025 01:54:31 +0000 https://earlybirdsinvest.com/us-doj-europol-seize-worlds-largest-dark-web-drug-market-operating-via-monero/

An international law enforcement effort has dismantled one of the world’s largest and longest-running criminal marketplaces on the darknet, arresting its suspected German operator in Spain and seizing millions in illicit assets, according to a June 16 press release.

The takedown, coordinated by the Frankfurt Public Prosecutor’s Office, Germany’s Federal Criminal Police Office (BKA), the Spanish National Police, the Dutch National Police, and additional partners in Sweden and Romania, targeted the illicit platform known as “Archetyp Market.”

Infrastructure seized in raid

A 30-year-old German citizen was captured at his residence in Barcelona on June 11 by a Spanish police tactical unit.

Prosecutors allege he operated Archetyp Market with other moderators, enabling large-scale trafficking of drugs including amphetamine, cannabis, fentanyl, heroin, and cocaine.

Investigators estimate the site generated more than €250 million ($267 million) in sales, with around 17,000 active listings, over 612,000 customer accounts, and about 3,200 registered vendors.

Transactions on the website relied exclusively on Monero (XMR), a privacy-focused cryptocurrency favored in darknet trades.

Authorities searched the suspect’s apartment in Barcelona and properties in Hannover, Germany and in Bucharest, Romania. They seized eight mobile phones, four computers, 34 storage devices, and assets totaling about €7.8 million ($8.3 million).

Meanwhile, the Dutch National Police located and disabled the marketplace’s server infrastructure in a data center in the Netherlands, cutting off access worldwide.

Wider arrests

Further raids took place across Germany and Sweden in coordinated actions against moderators and vendors affiliated with the market.

Law enforcement searched 20 additional properties, including sites in North Rhine-Westphalia, Lower Saxony, Hesse, and Baden-Württemberg, and arrested seven suspects in Sweden.

In total, the operation netted 47 smartphones, 45 computers and notebooks, various narcotics, and more illicit proceeds linked to the platform’s activities. The substantial trove of data seized is expected to provide new leads as investigations continue.

The main suspect faces charges of operating a large-scale narcotics trafficking ring under German law, carrying severe penalties if convicted.

The shutdown of Archetyp Market marks another major success in a string of global efforts to curb cybercrime, dismantle darknet infrastructure, and disrupt digital money laundering networks in recent years.

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Binance Assists in Operation RapTor Targeting Darknet Drug Network https://earlybirdsinvest.com/binance-assists-in-operation-raptor-targeting-darknet-drug-network/ https://earlybirdsinvest.com/binance-assists-in-operation-raptor-targeting-darknet-drug-network/#respond Mon, 16 Jun 2025 02:21:08 +0000 https://earlybirdsinvest.com/binance-assists-in-operation-raptor-targeting-darknet-drug-network/

Binance revealed that it has played a central role in dismantling Incognito Market, a notorious darknet drug marketplace that facilitated more than $100 million in illegal narcotics sales, according to US and Taiwanese law enforcement agencies.

The takedown was part of a broader international investigation, codenamed Operation RapTor, which targeted the darknet platform’s operators and financial infrastructure.

Incognito Market Shut Down

According to Binance’s official press release, Incognito Market enabled the sale of over 1,000 types of illicit drugs, including heroin, cocaine, and methamphetamine, and relied heavily on cryptocurrencies to process transactions while obscuring users’ identities.

Despite the platform’s use of encryption, privacy tools, and a custom-built internal payment system, investigators working with Binance’s Financial Intelligence Unit (FIU) were able to trace transactions on the blockchain to individuals connected to the marketplace. Binance’s FIU assisted in mapping the flow of illicit funds and identified several crypto wallets tied to the platform’s operations.

The investigation ultimately led to a Taiwanese national, identified by the surname Lin and known by the alias “Pharaoh,” who supervised the operation and reportedly earned millions in profits. Lin was arrested and later pleaded guilty in a US federal court to charges including narcotics conspiracy, money laundering, and the distribution of misbranded drugs.

Meanwhile, Binance’s FIU also froze over $3.5 million in related crypto assets, which law enforcement said helped cripple the marketplace’s financial operations.

Binance has assisted in similar investigations before, including efforts with Europol to dismantle a child exploitation platform by tracking internal payment systems and identifying users. In an official statement, Nils Andersen-Röed, Global Head of Binance’s Financial Intelligence Unit, stated,

“This case is a powerful reminder that blockchain offers no safe haven for criminal activity. Even with sophisticated privacy tools, every crypto transaction leaves a digital trail, which is increasingly vital in today’s law enforcement investigations. Cross-border collaboration and public-private partnerships are no longer optional – they are essential.”

T3 FCU Targets Crypto Crime

Besides Binance, another major player in the digital asset space has reported similar enforcement success.

The T3 Financial Crime Unit (T3 FCU), a joint initiative by Tether, Tron, and TRM Labs, announced in the March update that it has frozen over $100 million in illicit crypto assets since its launch in August 2024.

Working with global law enforcement, the unit has targeted crimes including money laundering, fraud, and terrorism financing. T3 FCU has analyzed millions of transactions globally and monitored over $3 billion in USDT activity to disrupt financial crime in the crypto industry.

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Operation RapTor Arrests 270 Suspects in $200 Million Global Darknet Drug Sting https://earlybirdsinvest.com/operation-raptor-arrests-270-suspects-in-200-million-global-darknet-drug-sting/ https://earlybirdsinvest.com/operation-raptor-arrests-270-suspects-in-200-million-global-darknet-drug-sting/#respond Sat, 24 May 2025 12:45:55 +0000 https://earlybirdsinvest.com/operation-raptor-arrests-270-suspects-in-200-million-global-darknet-drug-sting/

Authorities in the United States and across Europe have carried out an international operation, known as Operation RapTor, targeting drug sales on hidden online marketplaces.

The operation, announced on May 22 by the US Department of Justice, led to the arrest of 270 people and the recovery of around $200 million in cash and cryptocurrencies.

It focused on online networks where illegal drugs, especially those containing fentanyl, are often bought and sold. The coordinated effort was carried out with the help of Europol and national law enforcement bodies from ten countries, including the US, UK, France, and Brazil.

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The US team leading Operation RapTor was part of the Joint Criminal Opioid and Darknet Enforcement (J-CODE) group. It brings experts from different agencies to track down people using the internet to sell illegal opioids.

In many cases, the teams used evidence gathered from online purchases and digital payment records to find those responsible.

Investigators successfully seized more than two metric tons of drugs. This included 144 kilograms of substances mixed with fentanyl, a powerful opioid linked to rising overdose deaths. They also confiscated 180 guns and large amounts of cryptocurrency linked to these sales.

According to Attorney General Pam Bondi, the results of this operation will help prevent future harm. She added:

Criminals cannot hide behind computer screens or seek refuge on the dark web.

On May 17, police in Hong Kong and mainland China shut down a $15 million crypto laundering ring and arrested 12 people. How did the operation unfold? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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How the US turned the tide on drug overdose deaths https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/ https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/#respond Sun, 18 May 2025 10:53:46 +0000 https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/

In 2020 and 2021, before I came to Vox, I worked as the future correspondent at Axios — yes, that was the actual job title — and I found myself writing almost solely about the Covid-19 pandemic, or major trends that appeared to be driven by the pandemic.

One of those trends was an alarming rise in drug overdose deaths. The trajectory was already bad before Covid: Between the widespread prescription and misuse of legal opioids and then the introduction of the ultra-powerful drug fentanyl to the illicit drug supply, overdose deaths in the US began taking off in the early 2010s. But the closure of treatment facilities during the pandemic and the isolation of users led to a sudden spike in deaths: In the year leading up to September 2020, as I wrote in April 2021, more than 87,000 Americans died of drug overdoses, a higher total than any 12-month period of the opioid epidemic up to that point.

Chart showing US drug overdoses are finally declining

After publishing that piece, I received a letter from a reader, who said her son had been one of those 87,000 deaths. She begged me to give this issue more coverage, to remind my readers that behind the Covid pandemic, there was a shadow epidemic of drug deaths, of lost sons and daughters and husbands and wives. People had to stop closing their eyes to the toll of death and pain.

In the years that followed, the toll only continued to grow, however, with deaths reaching 110,000 in 2023. There seemed to be no answer for one of the worst public health crises in a generation.

But now, at long last, we finally appear to be turning the corner on the drug overdose crisis.

Provisional figures from the Centers for Disease Control and Prevention’s National Vital Statistics System released this week show that some 27,000 fewer Americans died of a drug overdose in 2024 than in 2023. That year-on-year drop is the steepest single-year decline since the government first began keeping track of overdose deaths 45 years ago. It means that drug deaths are now finally coming back down to pre-pandemic levels — and that we can make progress on what can seem like the most intractable social ills.

To put that 27,000 drop in deaths into perspective, think of it this way: It adds up to three lives saved every hour for an entire year.

What’s remarkable about the rapid drop in overdose deaths is just how widespread the trend is. Forty-five states recorded declines in deaths, with Ohio and West Virginia — two states that have suffered more than almost any other from the opioid epidemic — leading the way. Only a handful of states, mostly in the Northwest, where the epidemic started later, experienced increases.

While synthetic opioids, which mostly means fentanyl, are still responsible for the vast majority of overdose deaths, deaths from such drugs are falling faster than any other, declining by 36 percent year over year.

Reversing the overdose epidemic

One of the biggest factors behind the decline is the growing availability of naloxone, an opioid antagonist. If administered in the immediate aftermath of an overdose, naloxone has been shown to be close to 99 percent effective in preventing death. The key is speed — even the fastest emergency medical responders may not make it to the scene in time to save someone suffering an overdose. But recent policies to make naloxone available over the counter, and to advise users to have it on hand, have made it possible to bring back thousands of people who otherwise would have died.

While the pandemic directly led to a significant spike in overdose deaths, policies that came out of Covid have helped curb the toll, including telehealth access to medicine-based treatment options for addiction like buprenorphine. All of these programs have been paid for in part by the billions of dollars in opioid-settlement cash from drug companies like Johnson & Johnson, which began flowing to state and local governments in 2024. Tougher enforcement on fentanyl has played a role as well.

Lastly — and less positively — the sheer number of overdose deaths in the past few years has depleted the number of people at highest risk. Like an infectious disease epidemic that slows down as it begins to run out of new people to infect, the overdose epidemic burned so hot and killed so many that drug users who were left were less vulnerable to fatal overdoses.

The news isn’t all good. While synthetic opioids like fentanyl appear to be in a steep decline, deaths actually rose last year from stimulants like meth and cocaine, with production of the latter surging to new highs. The increase in deaths in a handful of states like Alaska and Washington demonstrates that in some parts of the country, at least, there are still populations that remain highly vulnerable to fatal overdoses.

Most worryingly, the Trump administration’s draft budget proposes major cuts to naloxone distribution, which could take the most potent tool for stopping overdose deaths out of the hands of those who need it most.

Still, we should recognize this new data for what it is — evidence that, with effort, we can reverse the course of one of the biggest public health threats the US faces. Thousands of people are alive today who, if nothing had changed since I was writing about this epidemic in 2021, might have suffered a worse fate.

Drug addiction is a horrible disease that can destroy futures, families, and lives. But where there is life, there is hope. Every overdose victim brought back by a spray of naloxone has another chance to change their future, and ensure that they won’t become another statistic.

A version of this story originally appeared in the Good News newsletter. Sign up here!

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Russian darknet dominated crypto drug trade in 2024 with $1.65 billion transactions https://earlybirdsinvest.com/russian-darknet-dominated-crypto-drug-trade-in-2024-with-1-65-billion-transactions/ https://earlybirdsinvest.com/russian-darknet-dominated-crypto-drug-trade-in-2024-with-1-65-billion-transactions/#respond Tue, 01 Apr 2025 14:59:16 +0000 https://earlybirdsinvest.com/russian-darknet-dominated-crypto-drug-trade-in-2024-with-1-65-billion-transactions/

Blockchain security firm TRM Labs reported that Russian-language darknet marketplaces dominated crypto-linked drug transactions in 2024.

According to the report, the platforms were behind more than 97% of the drug-related crypto activity on the Bitcoin and TRON networks. That translates to around $1.65 billion out of the $1.7 billion traced to drug trade on both blockchains last year.

[Editor’s Note: The total value of the global illegal drug trade is estimated to be over $600 billion, making the crypto portion a small fraction of the total criminal activity.]

Why Russian darknets are thriving

TRM Labs explained that several factors contributed to the continued dominance of Russian darknet marketplaces. These include a diminished threat of enforcement action, the relatively low cost of importing chemical precursors from China, and the growing demand for synthetic narcotics.

Moreover, of the nearly 20 active marketplaces identified, only four ceased operations during the year, with Solaris being the most notable shutdown.

Interestingly, operators in this space have adopted a surprising code of conduct. Rather than carrying out exit scams, common in Western illicit markets, Russian darknet administrators often allow users to withdraw funds before shutting down operations.

This practice has helped maintain a level of trust within their communities, unlike their Western counterparts, which have been marred by takedowns and fraudulent closures that have shattered user confidence.

Vendors shift to encrypted channels

While Russian marketplaces thrived, the broader illicit drug trade underwent a significant transformation in 2024.

Vendors increasingly moved away from centralized darknet markets in favor of encrypted messaging platforms such as Telegram, Signal, and secure email channels.

This shift, initially more common in Western regions, is now accelerating across Russian-speaking networks.

TRM Labs explained that this migration reflects an effort to reach less tech-savvy buyers, reduce vendor fees, and avoid disruptions caused by market closures or law enforcement actions.

To maintain reach and operational stability, many vendors now operate across multiple channels, including clearnet websites and social media.

As a result, TRM Labs reported increased crypto use linked to these decentralized vendor shops. In 2023, such addresses received $289 million. That figure more than doubled in 2024, soaring past $600 million.

XRP Turbo
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California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market https://earlybirdsinvest.com/california-man-sentenced-to-more-than-seven-years-in-prison-on-charges-related-to-bitcoin-facilitated-drug-market/ https://earlybirdsinvest.com/california-man-sentenced-to-more-than-seven-years-in-prison-on-charges-related-to-bitcoin-facilitated-drug-market/#respond Sat, 15 Mar 2025 19:37:07 +0000 https://earlybirdsinvest.com/california-man-sentenced-to-more-than-seven-years-in-prison-on-charges-related-to-bitcoin-facilitated-drug-market/

A California man was sentenced to more than seven years behind bars on charges related to operating an underground drug-trafficking market powered by Bitcoin (BTC) transfers.

Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA pills from Germany and subsequently used dark web markets to distribute the illicit substances to customers across the US.

Khuu, 29, was paid in Bitcoin and other crypto assets, which he and his co-conspirators exchanged for US currency that was then laundered and transmitted to dozens of different accounts.

The California resident was indicted in May 2022 in the Eastern District of Texas and charged with conspiracy to commit money laundering. Three months later, Khuu was also indicted in the Northern District of California and charged with unlawful importation of a Schedule I controlled substance. He was arrested by agents in Garden Grove, California a few days after the second indictment.

Khuu’s arrest was the result of “Operation Crypto Runner,” a multi-agency law enforcement effort that resulted in a batch of charges filed against 21 individuals for their alleged involvement in transnational money laundering networks.

Last year, Khuu pled guilty to conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business and importation of MDMA.

This week, U.S. District Judge J. Campbell Barker sentenced him to 87 months in federal prison.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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FBI’s Most Wanted: $10 Million Bounty on Ex-Olympian Turned Drug Kingpin https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/ https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/#respond Sat, 08 Mar 2025 09:03:01 +0000 https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/

US authorities are offering a $10 million bounty for information leading to the capture of Ryan Wedding, a former Canadian Olympic snowboarder.

According to a March 6 announcement from the Federal Bureau of Investigation (FBI), Wedding is accused of running a large drug trafficking operation, moving cocaine and fentanyl into North America, and using USDT
USDT


$0.9984

to launder money.

The FBI has also placed him on its Ten Most Wanted Fugitives list, adding a $50,000 reward for tips that directly lead to his arrest.

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In October 2024, the Department of Justice (DOJ) charged Wedding and 15 others with drug trafficking and violent crimes. His alleged partner, Andrew Clark, has been arrested in Mexico, but Wedding remains a fugitive. Authorities believe he is still in Mexico and may be under the protection of the Sinaloa cartel.

If convicted, Wedding and Clark could face a mandatory life sentence for running a criminal enterprise. The murder charges carry a minimum of 20 years, while drug trafficking convictions could result in 10 to 15 years in prison.

Akil Davis, assistant director of the FBI’s Los Angeles Field Office, said:

Wedding went from shredding powder on the slopes at the Olympics to distributing powder cocaine on the streets of US cities and in his native Canada.

Recently, the Australian Securities and Investments Commission (ASIC) charged Brendan Gunn, the brother of Olympic breakdancer Rachael “Raygun” Gunn. Why? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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