Condividi questo articolo
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice charged eight companies with illegal drug production, distribution and sales of precursor chemicals, saying they used cryptocurrency to move money.
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities.
Alongside the criminal case, the U.S. Treasury's Office of Foreign Assets Control (OFAC) also sanctioned the list of Chinese nationals on Tuesday, identifying 16 associated crypto wallets in the action.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter State of Crypto oggi. Vedi tutte le newsletter
“We have identified and blocked over a dozen virtual currency wallets associated with these actors,” said Treasury Deputy Secretary Wally Adeyemo, in a press conference. “The blocked wallets, which received millions of USD funds over hundreds of deposits, illustrate the scope and scale of the operation targeted today.”
The DOJ cracked down on the Florida network of 28 businesses and individuals it said was involved in producing fentanyl and methamphetamine and the sale of precursor chemicals used to make the illegal drugs.
“These companies tend to use cryptocurrency transactions to conceal their identities and the location and movement of their funds,” according to a DOJ statement.
The connection between crypto and the fentanyl trade has drawn heavy attention, including from Sen. Elizabeth Warren (D-Mass.), who has called for new laws to shut down that pipeline of digital payments.
Read More: Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by U.S. Government
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
Cosa sapere:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
