US Treasury Sanctions Sinaloa Cartel Over Crypto-Fueled Fentanyl Trafficking

The US Treasury has taken a major step in its fight against the Sinaloa Cartel by sanctioning individuals, entities, and specific Ethereum addresses connected to the cartel's fentanyl trafficking network.

This move reflects a growing concern about the use of cryptocurrency in illicit activities. The Treasury's Office of Foreign Assets Control (OFAC) has been working to disrupt the cartel's financial activities using digital assets, including Bitcoin and Ether.

The sanctions have targeted over 290 individuals and entities associated with the cartel's synthetic opioid operations, including a money launderer tied to the Sinaloa Cartel who allegedly used Ethereum wallets to launder fentanyl sales proceeds.