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Cartel Leaders Indicted Amid Crypto-Funded Fentanyl Trade
Cartel Leaders Indicted Amid Crypto-Funded Fentanyl Trade
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Pedro Inzunza Noriega and his son face narco-terrorism charges in California, marking a significant escalation in U.S. efforts to combat Sinaloa Cartel operations. The indictment follows a record fentanyl seizure in Mexico, with blockchain analytics firms tracing stablecoin flows between cartel networks and Chinese chemical suppliers.
Chainalysis and TRM Labs have identified millions in cryptocurrency transactions tied to fentanyl precursor purchases, revealing sophisticated money laundering networks. This case underscores the growing intersection of organized crime and digital assets, particularly stablecoins used for cross-border value transfer.
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