Tag: fentanyl

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Fentanyl Ingredients Sold for Crypto by Chinese Labs

June 23, 2023

Chinese chemical producers are accepting cryptocurrency as payment for fentanyl ingredients they sell to drug organizations worldwide. Researchers at crypto analytics platform Elliptic have found over 90 Chinese chemical companies that sold fentanyl precursor chemicals and advertised their products on the open web, 90% of which offered to accept payment in cryptocurrencies like Bitcoin (BTC) and Tether (USDT)…. Read More: Fentanyl Ingredients Sold…
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US Senator Warren Calls Out Crypto’s Role in Fentanyl Transactions

June 1, 2023

US Sen. Elizabeth Warren called out cryptocurrency’s role in fentanyl drug transactions and pushed for her bill to combat money laundering during a congressional hearing on Wednesday. The Massachusetts Democrat, and longstanding crypto critic, said her bill, the Digital Asset Anti-Money Laundering Act, will close loopholes “in our anti-money laundering rules and cuts off drugs…
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Chinese Companies Selling Fentanyl Received More Than $27 Million In Crypto Payments: Report

May 24, 2023

Chinese chemical producers selling fentanyl ingredients have received more than $27 million in crypto payments. According to a new report by blockchain analytics firm Elliptic, approximately 90% of Chinese pharmaceutical chemical companies supplying fentanyl precursors accept cryptocurrencies like Bitcoin and Tether as a form of payment…. Read More: Chinese Companies Selling Fentanyl Received More Than $27…
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