ChainCatcher news, the U.S. Department of Justice announced the unsealing of eight indictments accusing Chinese chemical manufacturing companies and employees of trafficking in fentanyl precursor chemicals to the United States, saying that these Chinese chemical companies tend to use cryptocurrency transactions to hide their identities and funds. location and movement. In addition to the criminal prosecution, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) added 19 related crypto wallet addresses to its drug-related sanctions list.

According to previous news, according to the "Cryptocurrency and Global Fentanyl Trade" research report released by Elliptic, 100 Chinese suppliers accept cryptocurrency payments to sell fentanyl precursor chemicals, tablet presses and molds.