The U.S. Office of Foreign Assets Control (OFAC) has sanctioned former Olympic skier Ryan Wedding for his involvement in drug trafficking and money laundering activities using cryptocurrency. Wedding, currently a fugitive in Mexico, is accused of leading a transnational drug trafficking organization linked to the Sinaloa Cartel. The group allegedly laundered $207 million in USDT through platforms like KuCoin.
In response to these activities, the U.S. State Department has announced a $15 million reward for information leading to Wedding's capture, while Interpol has issued a Red Notice. This case highlights the ongoing challenges of crypto compliance and the exploitation of blockchain technology by organized crime, raising significant concerns for international law enforcement efforts.
OFAC Sanctions Ex-Olympian Ryan Wedding for Crypto Money Laundering
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