According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs.
US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.
Five US enforcement agencies form new digital currency anti-crime task force
The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity.
Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic
Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China
“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone,” said the Massachusetts senator, citing an Elliptic report.
U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl
U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline.
EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets
Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU’s monitoring body for drugs concluded.
Crypto and psychedelics: Clarifying regulations could help industries grow
It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.
Spanish rehab center adds crypto trading addiction to services list
The rehabilitation center estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading.
Uzbeki police get ‘how to seize crypto’ training from UN security org
Uzbekistan’s law enforcers were educated on blockchain analysis topics and methods for seizing crypto.
US Charges 6 With Laundering Mexican Drug Cartel Cash Using Crypto and Casinos
The U.S. Department of Justice charged the six individuals for alleged involvement in laundering funds from Mexican drug cartels after an investigation spanning years.
Dark-Web Vendor and Pharmacist Charged With Trafficking Drugs Worth $270M in Bitcoin
The two men allegedly shipped opioids into the U.S. and sold them on the dark web for millions in bitcoin.
Spanish Police Accuse Illegal Drug Vendor of Laundering $3.3M Haul in Crypto
The National Police of Spain said vendors’ “purchase of virtual currency stands out.” They arrested 33 suspects across two parallel raids.
Drug Dealer Just Sentenced to 25 Years Hoped to Build a Better Bitcoin Miner
Paul Calder LeRoux, an admitted drug dealer with a background in encryption, planned to build a bitcoin miner had he beaten the rap.
VeChain to Develop Drug-Tracing Platform for Pharma Giant Bayer
Bayer China is tapping VeChain to help it track clinical trial drugs along the blockchain.
Russia’s Largest Darknet Market Is Hawking an ICO to Fund Global Expansion
Here’s one token sale that’s almost certainly illegal, and not just under securities laws.
Drug Dealers Who Used Crypto Sentenced to Prison
Five drug dealers who used cryptocurrencies to launder their funds were sentenced to varying jail terms on Monday.
White House Advisory Says Virtual Currencies Used for Fentanyl Purchases
The White House advisories state “convertible virtual currencies,” particularly bitcoin, bitcoin cash, ethereum, and monero, are actively being used on dark net markets.
Dark Web Drug Dealer to Forfeit Millions of Dollars in Illicit Crypto Earnings
A man has been sentenced in San Diego, California, for conspiring to sell opioids and other drugs over dark web markets for cryptocurrencies.
Three UK Men Busted Over Bitcoin-Based Drug Ring
The trio sold their products on the dark web and shipped as far as Australia.