$1.8 million dollars in cryptocurrencies from six Binance accounts linked to drug traffickers were seized by US federal officials in 2022. The cash couriers would deposit drug money, purchase USDT and bitcoin on Binance, and send the crypto to a criminal organisation in Mexico. Binance staff and DEA officials regularly meet to share intel for calibrating anti-money laundering policies and assisting DEA operations. Mexican cartels have been using Binance for money laundering since 2020.
