Chinese Nationals Charged with Crypto-Fentanyl Operation

Three Chinese nationals have been charged with operating a massive fentanyl operation using cryptocurrency to launder millions in dirty money. According to court documents, the defendants built a global network that moved fentanyl precursor chemicals across borders, using crypto transactions as their primary means of communication.

The U.S. Department of Justice alleges that the defendants controlled dozens of digital wallets and used multiple cryptocurrencies, including Bitcoin and Ethereum. This allowed them to stay invisible to financial regulators who monitor regular bank transfers.