Joint US/India operation busts $360 million crypto-funded drugs ring

A collaboration among law enforcement in India and the United States has led to the discovery of a cryptocurrency drug ring worth $360 million.

The United States’ Federal Bureau of Investigation and India’s Enforcement Directorate (ED) teamed up for a search operation in India’s Uttarakhand state back in August 2023. India’s Enforcement Directorate made the arrests after a tip-off from the FBI.

Two suspects flagged by the US authorities were already known to be involved in drug trafficking...