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U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know

The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade. On Tuesday, the OFAC added a new set of crypto wallets to its...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know
The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade. 
On Tuesday, the OFAC added a new set of crypto wallets to its specially designated nationals (SDN) list, targeting a drug trafficking network primarily centered in China.
The wallets were used by six entities, including five individuals and one company named Valerian Labs, to facilitate their illicit operations. ...
Read More: U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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