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CoinTelegraph
US Treasury sanctions crypto wallets as authorities crack down on fentanyl
TL;DR:
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury sanctioned crypto wallets allegedly connected with the production of fentanyl.
Several China-based chemical manufacturers and their employees allegedly used crypto transactions as part of an illegal fentanyl precursor distribution scheme.
According to U.S. authorities, the companies used cryptocurrency transactions to hide their identities and the flow of funds.
At least three individuals were identified to hold crypto wallets for payments.
OFAC added wallets for Bitcoin, Ether, USD Coin, Tether, and Tron connected to Chinese nationals and Valerian Labs to its list of Specially Designated Nationals.
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