Olympic Athlete Allegedly Led Drug Cartel, Used Crypto Payments to Evade Law Enforcement
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Ex-Olympian's Criminal Activities: Former Canadian Olympic snowboarder Ryan James Wedding has been indicted for leading a billion-dollar cocaine trafficking operation, utilizing the cryptocurrency Tether (USDT) to facilitate transactions and evade law enforcement.
Tether Under Scrutiny: The U.S. Department of Justice is investigating Tether's involvement in international drug trafficking, highlighting concerns over its regulatory compliance and lack of independent audits amidst ongoing scrutiny of its operations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
