Drug trafficker pays for fentanyl supplies with crypto

It highlights that more than $37.8 million in crypto transactions linked to chemical precursor suppliers in China were identified from 2018 to 2023. Credit: AFP

Mexican cartels , such as the Sinaloa and Jalisco Nueva Generación cartels, are reportedly using cryptocurrencies to purchase chemical precursors from Chinese companies to manufacture fentanyl in clandestine laboratories, revealed an analysis by the blockchain platform Chainalysis .