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Thursday, September 28, 2023

Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by U.S. Government

"Sol Prendido" for Borderland Beat

The wallet is tied to a money laundering operation that transfers proceeds from fentanyl sales to Sinaloa cartel leaders in Mexico, officials said.

The U.S. Treasury's Office of Foreign Assets Control (OFAC) has sanctioned an Ethereum wallet tied to Jimenez Castro, a Mexican male with ties to the Sinaloa cartel.

Castro is one of 10 names listed on OFAC's sanctions list as a part of a counter narcotics operation, according to a published list on OFAC's website.

The wallet in question was first active in January or this year and received around $740,000 in deposits to Binance in a two month period, data from Arkham shows.

A U.S. Treasury press release states that Jimenez Castro "operates money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico."


Coin Desk

13 comments:

  1. But but but the govt cant control crypto! Lol

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    1. It can't and it doesn't. You're confusing "control" (central bank, printing monet ect) with crimes surrounding crypto.

      Delete
  2. Funny how US agencies work with cartels to smuggle drugs and later there's some other agencies looking for them to lock them up for it, while there's some other agencies working on taking that money lol

    No winners on drug game ONLY government

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    1. This comment has been removed by a blog administrator.

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    2. Not really no period kid ūüė≠.

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    3. This comment has been removed by a blog administrator.

      Delete
  3. 2:40 Cheerleader and wannabe cartel mugroso detected.

    ReplyDelete
  4. Off topic but our daughter returned to Tuxtla, Chiapas Monday after a one week visit. She that had been a shootout between the Sinaloa and Jalisco cartels somewhere near the airport. Anymore news on this?

    ReplyDelete
    Replies
    1. These off topic comments are getting out of hand

      Delete
  5. damm wtf sorry to hear that

    ReplyDelete
  6. Virtual currency?! F that! I want a fat stack of hundos!

    ReplyDelete

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