US says Venezuelan President Maduro used crypto to conceal a billion dollar cocaine conspiracy

posted 2 months ago
The US Department of Justice alleges Venezuelan President Nicolas Maduro tapped crypto to conceal transactions related to illicit drug-running. The sweeping charges against Maduro and 14 other Venezuelan officials are primarily targeted at stopping an alleged multibillion-dollar cocaine trafficking ring involving drug runners, Colombian revolutionaries and narco-terrorism.

US Homeland Security said the conspiracy used crypto to cloak their crimes and also that “Let this indictment be a reminder that no one is above the law - not even powerful political officials.”
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