Mexican Cartel Using BTC, ETH, USDT, and Other Tokens to Buy Fentanyl Precursors: U.S. Treasury

Cartels are “increasingly purchasing fentanyl precursor chemicals and manufacturing equipment” from China-based suppliers, paying in tokens including Bitcoin (BTC), Ethereum (ETH), Monero (XMR), and Tether (USDT). They say they are doing it. Updated FinCEN advisory to warn U.S. financial companies about networks of criminal organizations producing dangerous drugs.