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Texas Drug Ring Sentenced for Laundering $50K Monthly in Cryptocurrency

Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilo...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Texas Drug Ring Sentenced for Laundering $50K Monthly in Cryptocurrency
Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences ranged from […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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