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US Treasury Sanctions Sinaloa Cartel Over Crypto-Fueled Fentanyl Trafficking

DE
Decrypt Editorial
(07:54 PM UTC)
1 min read
DK
Approved byDavid Kim
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In brief

  • Individuals and entities tied to the trafficking of fentanyl were added to the OFAC sanctions list.
  • Some members allegedly turned cash into crypto before sending it to the Sinaloa Cartel.
  • Six Ethereum addresses connected to the individuals were also added to the sanctions list.

The U.S. Treasury added individuals and entities from two separate networks tied to the Sinaloa Cartel and…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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