U.S. Senator Warren Calls for Legislation on Crypto’s Role in Fentanyl Trade

U.S. Senator Elizabeth Warren has called for legislation to shut down cryptocurrency funding for the fentanyl trade.

• 2023-06-01
• Senator Elizabeth Warren Warren Calls Fentanyl Chinese businesses

Suspected fentanyl chemical suppliers have received $38 million in crypto -Chainalysis

Suspected sellers of chemicals used to manufacture the deadly drug fentanyl have received tens of millions of dollars worth of cryptocurrency since 2018, according to blockchain analytics firm Chainalysis. Regulators around the world have warned that crypto assets are used to finance illegal activity. Crypto transactions related to illicit activity hit a record $20 billion in 2022, Chainalysis said in January.

• 2023-05-24
• Chainalysis cryptocurrency chemical shops precursor chemicals fentanyl drug traffickers illegal activity

Millions Worth of Bitcoin and Tether Used to Pay Chinese Companies Involved in Fentanyl Crisis, Says Elliptic

A chemicals supplier in China said the business’s Mexico-based clients “always use USDT or Bitcoin to pay.”

• 2023-05-24
• Tether Fentanyl drug overdose deaths regulatory compliance Bitcoin