US Treasury Targets Sinaloa Cartel’s Crypto Operations
- The U.S. Treasury sanctioned individuals and entities linked to the Sinaloa Cartel for crypto-facilitated fentanyl trafficking.
- Armando de Jesus Ojeda Aviles and Jesus Alonso Aispuro Felix were named for converting cash into cryptocurrency sent to the cartel.
- Six Ethereum addresses were added to the sanctions list, five inactive for years, with one sending $894 in USDT recently.
- The sanctions are part of a coordinated effort by the Homeland Security Task Force and Drug Enforcement Agency.
- The Sinaloa Cartel is designated as a Foreign Terrorist Organization responsible for significant fentanyl trafficking into the U.S.
The U.S. Treasury has intensified efforts against the Sinaloa Cartel’s use of cryptocurrency in drug trafficking, targeting key figures and associated Ethereum addresses involved in illicit financial activities.
By sanctioning these individuals and entities, authorities aim to disrupt financial networks supporting fentanyl distribution in America, underscoring their commitment to combating narco-terrorism through financial measures. (Source)
