U.S. Sanctions Ethereum Wallet Linked to Sinaloa Cartel's Money Laundering
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The U.S. Treasury sanctioned an Ethereum wallet tied to a member of the Sinaloa drug cartel.
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The wallet received around $740,000 in deposits over 2 months.
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The Treasury says the cartel member uses crypto to launder money from fentanyl sales.
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This follows sanctions on North Korean crypto wallets earlier this year.
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The sanctions are part of a counter-narcotics operation.