The U.S. Coast Guard made headlines on Thursday as it offloaded more than 4,800 pounds of cocaine, valued at over $63 million, at a port in Florida. This major bust was the result of two intense operations off the coast of Puerto Cabello, Venezuela, where a shootout at sea led to the sinking of a suspected drug smuggling boat and its crew.

The operations were carried out by a Royal Netherlands Navy patrol boat, equipped with a U.S. Coast Guard law enforcement detachment and a helicopter interdiction tactical squadron.

The U.S. Coast Guard revealed in a social media post that the cocaine seizure and shootout in the Caribbean Sea occurred about a week after another significant offload. In San Diego, a separate Coast Guard crew offloaded $468 million worth of cocaine, a haul resulting from eight separate operations off the coasts of Mexico, Central America, and South America.

Here's What They're Not Telling You About Your Retirement

MORE NEWS: Texas Police Admit Officer Botched Free Speech Law During Clash With Preacher at Pride Fest [WATCH]

In a related press release, the U.S. Coast Guard and Dutch authorities announced the suspension of their search for missing persons following the high-seas shootout. This decision was made after extensive efforts to locate any survivors from the sunken vessel.

Warning: Account balances and purchasing power no longer tell the same story. Know in 2 minutes if your retirement is working for you.