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US Treasury sanctions Sinaloa Cartel over crypto-fueled fentanyl trafficking
The US Treasury’s Office of Foreign Assets Control has been waging a quiet financial war against the Sinaloa Cartel, and cryptocurrency wallets are now firmly in the crosshairs. OFAC has sanctioned individuals, entities, and specific Ethereum addresses connected to the cartel’s fentanyl trafficking network, marking a significant escalation in how the federal government traces and disrupts drug money flowing through digital assets. The move reflects a broader reality that Washington has been grappling with for years: the same technology that powers decentralized finance is also powering one of the deadliest drug ... (full story)
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