William Panzera has been sentenced to 12 years in prison for drug trafficking involving over 1 ton of fentanyl-related substances. He utilized Bitcoin for payments to Chinese suppliers, marking a significant connection between cryptocurrencies and the illegal drug trade.
Eight co-defendants linked to Panzera have pleaded guilty, indicating a wider criminal operation. The trafficking network, active from January 2014 to September 2020, exploited both traditional and crypto payments to navigate law enforcement scrutiny.
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