U.S. authorities have charged two Chinese companies and six Chinese nationals in a case involving the supply of fentanyl precursors. Cryptocurrency was actively used for payments in the scheme. According to investigators, customers transferred funds to crypto wallets controlled by the suspects, as stated in an official release. After receiving the funds, the defendants allegedly routed them through a network of wallets and converted them into fiat via overseas financial institutions. Investigators say this structure makes transactions harder to trace and helps obscure the origin of funds. The companies are accused of ... (full story)