OFAC Sanctions Sinaloa Cartel’s Crypto Laundering Network Used to Move Fentanyl Proceeds

TLDR: OFAC sanctioned over a dozen individuals tied to the Sinaloa Cartel’s crypto laundering operation in May 2026. Los Chapitos used stablecoins and decentralized exchanges to convert fentanyl cash proceeds into digital assets. Chainalysis traced on-chain fund flows and labeled all sanctioned crypto addresses within its blockchain analytics suite. A Colorado grand jury indicted cartel [...]

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