The United States Treasury’s Office of Foreign Assets Control (OFAC) added another batch of crypto wallets from individuals and companies to its specially designated nationals (SDN) list on Tuesday, all tied to illegal fentanyl trade.

The drug trafficking network, primarily centered in China, used a variety of cryptocurrencies to facilitate some of its operations. Six entities and their digital wallet addresses have now been flagged by the government, including five individuals and one company—Valerian Labs.

“The addresses identified by OFAC as part of this action collectively received just under $3.8 million worth of cryptocurrency, representing huge quantities of drugs potentially trafficked into the United States and other countries,” wrote blockchain surveillance firm Chainalysis in a blog post on the matter.

A total of 17 wallet addresses were identified in OFAC’s action, spanning networks including Bitcoin, Ethereum, and Tron. Most illicit transactions on the latter two blockchains were received through

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Author: Andrew Throuvalas

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