U.S. authorities have increased the reward to $15 million for information leading to the capture of Ryan James Wedding, a former Olympian accused of orchestrating a cryptocurrency-based money laundering network. The network allegedly involves five blockchain platforms. Additionally, the Office of Foreign Assets Control (OFAC) has sanctioned 12 cryptocurrency addresses linked to drug trafficking activities.
This case underscores the ongoing challenges at the intersection of cryptocurrency and illicit activities. Despite the serious allegations, there have been no immediate disruptions reported in the cryptocurrency markets.
U.S. Increases Reward to $15M for Ex-Olympian in Crypto Laundering Case
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