The U.S. Drug Enforcement Administration found that multinational drug gangs laundered tens of millions of dollars in drug proceeds through Binance

According to Forbes, the U.S. Drug Enforcement Administration (DEA) investigation found that a drug gang operating in the United States, Mexico, Europe and Australia used Binance to launder tens of millions of dollars in drug proceeds, and about $15 million to $40 million in illegal proceeds may have been released. Flow into Binance. According to a search warrant obtained by Forbes, the investigation into the gang's use of Binance began in 2020 when multiple DEA informants using localbitcoins.com, a crypto trading forum, interacted with users offering to convert cryptocurrencies into cash, The transaction process is: send Bitcoin or USDC to the seller's account, then meet him or a contact person to collect the cash in person. With the help of Binance, the DEA tracked cryptocurrencies in 75 transactions with undercover agents totaling $4.7 million, and thanks to information provided by Binance, the DEA identified the owner of the second account.