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US DOJ seizes bitcoin linked to Chinese national's synthetic drug trafficking case via Binance.

Market News
25 May 2026
Bitcoin
View Source
Bearish
pluang ai news

The US Department of Justice has seized over 1 bitcoin linked to Wei Gong, a Chinese national arrested for importing synthetic drugs into Georgia. The case involved tracing Binance account records, blockchain analysis, and cooperation with Chinese authorities. Undercover DEA bitcoin purchases helped connect the cryptocurrency transactions to drug shipments. The DOJ seeks forfeiture of the seized bitcoin as part of a broader crackdown on digital assets used in drug trafficking and money laundering, with potential prison penalties of up to 20 years if convicted.

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