DOJ Indicts Chinese Fentanyl Companies, Targets Crypto Ties
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DOJ announced 8 indictments against China-based companies suspected of producing and distributing fentanyl.
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DOJ indicates the companies may have used crypto to manage finances related to illicit activities.
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Treasury's OFAC placed sanctions on 28 entities and individuals involved, and flagged 16 crypto wallets.
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OFAC flagged crypto assets including Bitcoin, Ethereum, and stablecoins held by certain individuals.
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Senator Elizabeth Warren previously raised concerns about use of crypto to fund fentanyl trade and called for more regulation.