Convicted Drug Trafficker Forfeits $54 Million in Crypto Gains to Feds
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Federal law enforcement seized $54M in crypto from a convicted NJ drug trafficker. The funds were in wallets tied to his drug operation from 2010-2015.
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The forfeited crypto holdings started as $9K in ETH and grew to $53M plus other tokens like SOL, ADA, and BTC.
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Castelluzzo was serving a 20-year prison sentence for running a darknet drug operation.
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In prison, Castelluzzo discussed plans to evade taxes and move his crypto abroad.
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Locations he considered included the Bahamas, Malta, Ireland, and Latin America to stash his crypto fortune.