Justice Department Sanctions Bitcoin Address Linked to Sinaloa Cartel

Apr 14, 202315:50 MDT

The Office of Foreign Assets Control (OFAC), a division of the US Treasury Department, has taken aggressive action against five individuals living in the People’s Republic of China (PRC) and in Guatemala. On Friday, OFAC announced sanctions against the five, along with two PRC-based companies. All allegedly played roles in supplying drug cartels with ingredients used to make opioids. Moreover, one of the accused allegedly processed payments through a crypto wallet.