Ethereum

Bitcoin

Read

<div class="cryptonews">
 <p class="is-style-lead">The U.S. Department of Justice (DOJ) has unveiled eight indictments against Chinese companies and their employees involved in making and distributing potent synthetic opioid <a rel="noopener noreferrer nofollow" title="fentanyl" href="https://thebittimes.com/tag/fentanyl.html">fentanyl</a>.</p>
 <p>According to the justice department, these companies may have used cryptocurrency, along with other payment methods, to conceal their identities and financial transactions.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Justice Department Announces Eight Indictments Against China-Based Chemical Manufacturing Companies and Employeeshttps://t.co/f37okHaa6z</p>— Justice Department (@TheJusticeDept) October 3, 2023
   </blockquote>
  </div>
 </figure>
 <p>Two individuals, Qingsong Li and Chunhui Chen, linked to Hebei Shenghao Import and Export Company, were found to hold wallets used for remittances related to precursor chemicals.</p>
 <p>Another individual, Wei Zhang, associated with Hubei Guanlang Biotechnology Company, allegedly operated a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> wallet facilitating transactions for <a rel="noopener noreferrer nofollow" title="fentanyl" href="https://thebittimes.com/tag/fentanyl.html">fentanyl</a> precursors and opioid additives.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin and tether accepted by Chinese fentanyl chemical vendors
 </div>
 <p>The Treasury’s Office of Foreign Assets Control (OFAC) also imposed sanctions on several parties involved in these drug transactions. The list included a total of 19 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> addresses holding assets in Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Tron (TRX).</p>
 <p>The ban focused on 28 entities, with most <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> addresses linked to just five individuals tied to drug trade-affiliated companies.</p>
 <p>Notably, four of these addresses were from Valerian Labs, a Canadian company based in Vancouver.</p>
 <p>While the Treasury sanctioned Du Changgen, the leader of the criminal drug syndicate, his crypto addresses weren’t on the sanctions list.</p>
 <p>Earlier, blockchain firm Elliptic raised the issue, prompting calls for regulation by U.S. Senator Elizabeth Warren. In June, the DOJ acted against Chinese fentanyl companies that were using cryptocurrency payments.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Fentanyl ‘precursors’ made $32m in crypto last year, report says
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/u-s-doj-indicts-eight-chinese-firms-for-using-crypto-in-fentanyl-trade-tbt65103.html">https://thebittimes.com/u-s-doj-indicts-eight-chinese-firms-for-using-crypto-in-fentanyl-trade-tbt65103.html</a></p>

U.S. DOJ indicts eight Chinese firms for using crypto in fentanyl trade

TheBitTimes

2023년 10월 4일에 게재된 다른 기사

SubQuery Releases Version 3 to Enhance Web3 Data Indexing for Developers

Ripple’s XRP Pumps 8% as Federal Judge Denies SEC’s Bid to Appeal

Low Trading Volumes for Ethereum Futures ETF

Flare and Avascan Block Explorer Team Join Forces to Unveil Flarescan Ecosystem Explorer

New Crypto Bitcoin BSC Price Explodes 50%, Hits $30m Market Cap as Crypto Traders Pile In to Buy ...

Terra Luna Classic (LUNC) Price Forecast as it Slips to 100th Position in Coin Rankings

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!