The Chainalysis report uncovers direct financial ties between Chinese suppliers of fentanyl precursors and Mexican cartels, such as the Sinaloa Cartel. This connection was established through a civil forfeiture case in Wisconsin that seized approximately $5.5 million in cryptocurrency tied to these illicit activities.
Despite China’s strict cryptocurrency ban, suppliers in China are still leveraging crypto to facilitate payments to cartels, revealing a pattern that prioritizes speed over security. This operational method, though simplistic, allows for effective money movements that are increasingly scrutinized by law enforcement.
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