U.S. Takes Action Against Crypto Wallet in Drug Trade
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet linked to Mexico’s Sinaloa Cartel. The wallet was used for money laundering and fentanyl trafficking into the U.S.
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Jimenez Castro, named by the Treasury, operated the money laundering organization that utilized virtual currency and wire transfers to funnel proceeds to Sinaloa Cartel leaders.
Castro is now on OFAC's list of Specially Designated Nationals, freezing his U.S. assets and barring U.S. persons from dealings with him.
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