What started out as $9,000 in ETH when they first invested the drug proceeds blossomed into about $53 million, authorities said, plus a wide assortment of other tokens Castelluzzo obtained, including solana (SOL), cardano (ADA) and bitcoin. Because it was tied to the original drug trafficking, the U.S. seized it as a forfeiture.
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- Source: https://www.coindesk.com/policy/2023/11/02/us-seizes-drug-rings-54m-crypto-stash-as-prisoners-hatched-big-plans-for-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines