Tags: Drugs

U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here‘s What You Need to Know

South Australian Police Seizes $1.5M in Crypto From Man Charged With Drug Trafficking

According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets "received millions of USD funds over hundreds of deposits" used for illicit drugs.

An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.

The DEA, the country‘s lead drug enforcement agency, is yet to find those responsible for the attack but has enlisted the help of the FBI.

Fentanyl Ingredients Sold for Crypto by Chinese Labs

The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity.

“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.

Chinese Companies Selling Fentanyl Received More Than $27 Million In Crypto Payments: Report

S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking

The EU drugs agency wants to curb crypto use on the darknet (Pixabay)

It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.