Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

2023-6-1 23:30

“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone," said the Massachusetts senator, citing an Elliptic report.

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Emerald Crypto (EMD) на Currencies.ru

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crypto fentanyl report 450 brokers increased year

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Источник: cointelegraph.com

crypto fentanyl → Результатов: 12

Elizabeth Warren highlights crypto’s role in fentanyl trade; plans to combat with bill

Senator Elizabeth Warren said during a May 31 Senate hearing that she aims to combat cryptocurrency’s role in the illegal fentanyl trade. Fentanyl trade Warren said to the Senate Banking Committee: “Crypto is supposedly banned in China … but more than 90 companies based in China are raking in tens of millions of dollars worth […] The post Elizabeth Warren highlights crypto’s role in fentanyl trade; plans to combat with bill appeared first on CryptoSlate.

2023-6-1 01:33	Regulation
trade fentanyl warren elizabeth combat crypto role

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US Senator Elizabeth Warren Says Chinese Drug Lords Love Crypto

Cryptocurrency, offering pseudonymity and instant global transfers, is driving the global fentanyl trade, with organized crime groups, particularly from China, exploiting its benefits. Legislation may be the answer to disrupt this dangerous financial channel.

2023-6-1 22:37	Crypto News
global china exploiting particularly organized crime groups

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Elizabeth Warren demands end to crypto fentanyl financing

During a Senate hearing on Wednesday, U.S. Senator Elizabeth Warren highlighted the extensive utilization of cryptocurrency in the Chinese fentanyl trade.

2023-6-1 21:11
elizabeth fentanyl warren extensive trade utilization highlighted

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Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers

Reports from Chainalysis and Elliptic point to the trade for fentanyl precursors and fentanyl itself being fuelled by crypto.

2023-5-24 16:00
fentanyl crypto trade itself fuelled being point

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Chinese firms selling synthetic opioid chemicals accept payments in Bitcoin & Tether

Elliptic, a blockchain analytic company, has revealed that various China-based firms selling fentanyl precursors have received massive amounts of cash in crypto payments. Furthermore, suppliers mostly allowed Bitcoin (BTC) and Tether (USDT) payments.

2023-5-24 09:19	Tether
payments bitcoin tether firms selling cash amounts

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Chinese companies selling synthetic opioid chemicals raked in $27M in crypto payments

Blockchain analysis firm Elliptic said May 23 that several Chinese companies selling precursors to the synthetic opioid fentanyl have received millions in cryptocurrency. Elliptic reported that its researchers interacted with over 90 companies in China that offered to sell fentanyl precursors.

2023-5-24 01:35	featured
companies precursors selling chinese elliptic synthetic fentanyl

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Former US Army Interpreter Gets 30 Years for Dark Web Fentanyl Trade

Former U.S. Army interpreter sentenced to 30 years in jail for selling opiates using crypto

2019-10-6 23:05
former years army interpreter jail selling opiates

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Cryptocurrency Transactions Cited by White House Advisory Said to Used for Fentanyl Drug Purchases

US authorities have expressed a negative perception of a cryptocurrency over the last few months, and the country has since operated with policies designed to keep the crypto industry in check. Many crypto-related businesses and exchange have withdrawn their business from the US as a result of the hostile environment. Two advisories pertaining to drug […]

2019-8-23 19:33
drug cryptocurrency many crypto-related check industry crypto

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Dark Market Seller Convicted Of Selling Drugs by DoJ, To Forfeit Millions In Ill-Gotten Crypto Profits

California resident Sky Justin Gornik has been convicted of selling drugs for cryptocurrencies in darknet markets. According to a statement from the U.S. Department of Justice, the man aged 39 pleaded guilty to using the Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market trading floors to trade fentanyl, carfentanil, ketamine, oxycodone, amphetamine, […]

2019-8-21 21:24	Legal & Regulation
market trade drugs selling convicted route alpha

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Bitcoin is Criminals’ ‘Favorite’, Claims Blockchain Forensic; Used in 95% of Crypto Crimes

Bitcoin is the reigning champion of cryptocurrency criminals. That’s the conclusion of blockchain analysis firm Chainalysis, which discovered that bitcoin is used in 95% of crypto crimes. This finding isn’t surprising since bitcoin is by far the most popular and widely used of the 2,000 digital currencies around today.

2019-4-26 19:12	Chainalysis
bitcoin used favorite criminals levin far crimes

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Can Homeland Security See Your Fiat Transfers? Probably.

An official from U.S. Homeland Security has claimed that the authorities can trace every crypto to fiat currency conversion. Is that really a surprise in the modern age of surveillance? He was talking about international drug dealers bringing vast quantities of Fentanyl into the US to sell on the Dark Web, but the inference is […] The post Can Homeland Security See Your Fiat Transfers? Probably. appeared first on Crypto Briefing.