FBI Arrests Former Olympic Snowboarder and Top Cocaine Trafficker in Crypto-Linked Case

FBI Arrests Former Olympic Snowboarder and Top Cocaine Tr... Former Olympian Ryan Wedding was arrested in Mexico and extradited to the US after years on the FBIâEUR(TM)s Most Wanted list. The post FBI Arrests Former Olympic Snowboarder and Top Cocaine Trafficker in Crypto-Linked Case appeared first on Cryptonews. US authorities have arrested former Canadian Olympic snowboarder Ryan Wedding, ending a years-long international manhunt for a figure investigators describe as a major cocaine trafficker who relied on cryptocurrency to move and conceal illicit profits. Key Takeaways: Former Olympian Ryan Wedding was arrested in Mexico and extradited to the US after years on the FBIâEUR(TM)s Most Wanted list. Authorities allege he ran a cartel-linked cocaine network and used crypto to launder proceeds. US officials say the operation generated over $1 billion annually and spanned multiple countries. Wedding, 44, was taken into custody in Mexico late Thursday and transferred to the United States on Friday, according to US officials.The former athlete, who competed for Team Canada at the 2002 Winter Olympics in Salt Lake City, had been listed among the FBIâEUR(TM)s Ten Most Wanted fugitives, with a reward of up to $15 million offered for information leading to his capture.Former Olympic Snowboarder Faces US Charges in Global Drug CaseUS Attorney General Pam Bondi said Wedding, whom she described as a âEUR?"onetime Olympian snowboarder-turned alleged violent cocaine kingpin,âEUR will face federal charges in the US related to drug trafficking, murder, and operating a criminal enterprise spanning multiple countries.FBI Director Kash Patel confirmed the arrest in a post on X, crediting cooperation with Mexican authorities for locating Wedding after more than a decade on the run. UPDATE: After landing in LA today to transfer Top Ten Most Wanted Fugitive Ryan Wedding, our FBI/DOJ teams are now landing in Charlotte, NC to transfer another - Alejandro Castillo - the Top Ten Most Wanted Fugitive arrested one week ago today in Mexico.CastilloâEUR(TM)s quick returnâEUR¦ pic.twitter.com/wsrS3eWa2k- FBI Director Kash Patel (@FBIDirectorKash) January 23, 2026 Investigators allege that Wedding played a senior role in cocaine distribution networks tied to MexicoâEUR(TM)s Sinaloa Cartel, overseeing shipments from Colombia into the United States and Canada.According to US officials, the operation generated more than $1 billion annually in illegal proceeds at its peak.The US Treasury DepartmentâEUR(TM)s Office of Foreign Assets Control sanctioned Wedding in November, accusing his organization of using cryptocurrency to move and launder drug profits.In its notice, the Treasury said digital assets were used to obscure the flow of funds and conceal large sums derived from narcotics trafficking.MexicoâEUR(TM)s Security Secretary Omar GarcÃa Harfuch said Wedding voluntarily surrendered at the U.S. Embassy before being handed over to the FBI.Patel later told reporters that Wedding had been hiding in Mexico for over 10 years and was believed to be under cartel protection.Wedding arrived Friday at Ontario International Airport in Southern California, where federal officials held a press conference following his transfer.Authorities said they seized firearms, luxury vehicles, artwork, and other assets connected to the alleged criminal enterprise, and indicated further arrests may follow as the investigation continues.Ryan WeddingâEUR(TM)s Earlier Cocaine Case Predates Latest US ChargesThis is not WeddingâEUR(TM)s first encounter with US law enforcement. In 2008, he was arrested in California in a cocaine trafficking sting involving a Vancouver-based operation.He was convicted in 2009 and sentenced to four years in prison, before being released around 2011.The arrest comes as crypto-related crime remains a growing concern. According to Chainalysis, illicit cryptocurrency addresses received a record $154 billion in 2025, a sharp increase from the year before.In another case, US prosecutors have charged a 23-year-old Brooklyn resident, Ronald Spektor, with stealing roughly $16 million in cryptocurrency from around 100 Coinbase users through an alleged phishing and social engineering scheme.The post FBI Arrests Former Olympic Snowboarder and Top Cocaine Trafficker in Crypto-Linked Case appeared first on Cryptonews. Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the poten...