fentanyl

ChainCatcher news, according to media reports such as the American Consumer News and Business Channel, U.S. President Trump stated at the APEC Business Leaders Summit held in Gyeongju, South Korea on the 29th that he believes the U.S. "will reach an agreement with China," and that it will be "a mutually beneficial agreement." He said this would be a much better outcome than "fighting" and experiencing "a variety of issues." "The whole world is watching, and I think we will bring something that excites everyone."According to reports from Bloomberg and AFP, when asked about tariffs on China yesterday, Trump told reporters on Air Force One flying to South Korea: "I expect to lower tariffs because I believe they will help us solve the fentanyl problem." He said that China will cooperate with U.S. law enforcement on the fentanyl issue.

ChainCatcher News, the U.S. Department of Justice announced the unsealing of eight indictments, accusing Chinese chemical manufacturing companies and employees of trafficking fentanyl precursor chemicals to the United States, stating that these Chinese chemical companies tend to use cryptocurrency transactions to conceal their identities as well as the location and movement of funds. In addition to the criminal charges, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added 19 related cryptocurrency wallet addresses to its drug-related sanctions list.Previously, according to a research report titled "Cryptocurrency and Global Fentanyl Trafficking" published by Elliptic, there are 100 Chinese suppliers accepting cryptocurrency payments to sell fentanyl precursor chemicals, pill presses, and molds.

ChainCatcher news, blockchain analysis company Elliptic disclosed that several Chinese chemical suppliers selling synthetic opioid fentanyl precursors have received millions in cryptocurrency payments. Among them, 90% of the companies accept cryptocurrency payments, and identified wallets belonging to these chemical suppliers have received over $27 million in cryptocurrency, with the number of transactions in these wallets increasing by an astonishing 450% year-on-year.According to Elliptic, most suppliers accept Bitcoin (BTC) and USDT. (source link)