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US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’

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An ETH wallet tied to Mexican nationwide Mario Alberto Jimenez Castro used to be allegedly primitive for illicit fentanyl sales within the US.

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The Place of work of International Resources Control (OFAC) of the US Department of the Treasury has added a crypto wallet allegedly linked to a predominant worldwide crime syndicate to its checklist of Namely Designated Nationals.

In a Sept. 26 announcement, the U.S. Treasury said it had sanctioned 10 folks, alongside with many tied to the Sinaloa Cartel. Among these added used to be Mexican nationwide Mario Alberto Jimenez Castro by strategy of an Ethereum wallet.

‘[Jimenez Castro] reports without extend to a Chapitos deputy and operates a cash laundering group that makes exercise of virtual forex and wire transfers, among diverse options, to transfer proceeds from illicit fentanyl sales within the US to Sinaloa Cartel leaders in Mexico,” said Treasury. “Jimenez Castro has directed U.S.-basically based couriers to retract up cash within the US and deposit it into diverse virtual forex wallets for payment without extend to the Chapitos and for reinvestment in fentanyl manufacturing.”

According to files from Etherscan, the wallet had a steadiness of roughly 0.018 Ether (ETH) — $28.22 — at the time of e-newsletter, with basically the most contemporary job more than 200 days ago. No diverse wallet addresses had been incorporated in OFAC’s most up-to-date sanctions, which the Treasury said had been in step with “illicit fentanyl trafficking” affecting the crisis surrounding opioid exercise within the US.

“Today time’s actions showcase that Treasury and the Administration will continue to relentlessly target the prison enterprises threatening worldwide security and flooding our communities with fentanyl and diverse deadly medication,” said Brian Nelson, below secretary of the Treasury for terrorism and monetary intelligence.

Today time, @USTreasury sanctioned 10 folks, alongside with several Sinaloa Cartel affiliates and fugitives responsible for a indispensable fragment of the illicit fentanyl and diverse deadly medication trafficked into the US. https://t.co/eb5zLjmaEb

— Below Secretary Brian Nelson (@UnderSecTFI) September 26, 2023

Related: Sen. Elizabeth Warren aspects to crypto funds as facilitating fentanyl change in China

The sanctions adopted OFAC sanctioning folks with ties to North Korea’s Lazarus Group. The U.S. Treasury also cited Lazarus as fragment of its causes for alongside with crypto mixer Tornado Money to its checklist of Namely Designated Nationals in August 2022. U.S. authorities arrested Tornado Money co-founder Roman Storm in August 2023 for costs linked to cash laundering and sanctions violations.

Many change leaders and policymakers criticized the Treasury’s actions against Tornado Money. Six folks backed by crypto trade Coinbase filed a lawsuit against Treasury over the sanctions, but in August, a deem largely sided with the U.S. government in a circulate for summary judgment.

Magazine: Tornado Money 2.0: The speed to build good and moral coin mixers

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