An ex-Olympian has been arrested by the FBI for allegedly running a crypto-enabled cocaine empire, according to reports. The U.S. Treasury has reportedly linked the individual's network to a series of sanctioned crypto wallets across five blockchains, suggesting a money laundering operation. The development highlights the increasing scrutiny of cryptocurrency's role in facilitating illicit activities and the efforts by law enforcement to combat such operations.

An ex-Olympian has been arrested by the FBI for allegedly running a crypto-enabled cocaine empire, according to reports. The U.S. Treasury has reportedly linked the individual's network to a series of sanctioned crypto wallets across five blockchains, suggesting a money laundering operation. The development highlights the increasing scrutiny of cryptocurrency's role in facilitating illicit activities and the efforts by law enforcement to combat such operations.