Binance helps the DEA track down drug cartel• Cryptopolitan
The cartel operated across the United States, Europe, Mexico, and Australia.
The cartel funneled up to $40 million of illicit proceeds through Binance.
An on-chain analysis helped identify the perpetrators.
Similar efforts led to the capture of the Lazarus group and Hydra cartels.
Binance, the world's largest crypto exchange, is a big target of drug cartels and money laundering.
The anonymity provided by cryptocurrencies provides an almost perfect route for cartels to move funds globally.
An on-chain analysis is, however, a helpful tool for tracking down these individuals.