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Caixin: A core member of a drug trafficking group, "Brother Wang," has been captured and extradited to the United States, involved in Crypto Assets Money Laundering.
According to Mars Finance, Caixin reported that a core member of a drug trafficking group, Zhang Zhidong (also known as “Zhang Zhifeng”), was arrested and extradited to the United States. He used multiple aliases, including the most well-known nickname “Brother Wang.” Mike Vigil, former head of the DEA's International Operations Division, stated that “Brother Wang” was responsible for converting drug trafficking proceeds into Crypto Assets. Investigators found about 150 companies and 170 bank accounts related to him, into which approximately $20 million was deposited between 2020 and 2021.