A coordinated global law enforcement operation, known as Operation RapTor, has resulted in the seizure of $200 million in cash and digital assets, along with the arrest of 270 individuals in 10 countries. The initiative, led by the U.S. Department of Justice in collaboration with international agencies like Europol, targeted darknet drug networks contributing to the fentanyl crisis. This marks the largest seizure under the J-CODE initiative, aimed at dismantling criminal enterprises using the internet for opioid trafficking. The operation confiscated drugs, firearms, and crypto assets, emphasizing the role of cryptocurrencies in illegal activities. Recent reports highlight the use of stablecoins for money laundering in the fentanyl trade, with individuals like Behrouz Parsarad and Rui-Siang Lin facing charges for operating darknet platforms. The crackdown on black markets like Haowang Guarantee underscores the ongoing battle against cyber scams and illicit transactions facilitated by crypto. The arrests of individuals linked to the Sinaloa Cartel further highlight the nexus between drug trafficking and crypto-based laundering. Read more AI-generated news on: https://app.chaingpt.org/news