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US Treasury Blacklists Crypto Wallets of Chinese "Drug Kingpins" by truthproductions

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· @truthproductions ·
$2.85
US Treasury Blacklists Crypto Wallets of Chinese "Drug Kingpins"
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws.
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![image.png](https://ipfs.busy.org/ipfs/QmYroJkHPytACwuCapkHyehS4GgwAubovHh39ZPtYAG31Q)

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OFAC named Xiaobing Yan, Fujing Zheng and Guanghua Zheng as narcotics traffickers under the Foreign Narcotics Kingpin Designation Act, freezing any property they own within the U.S. and listing a number of email aliases, citizen numbers, passport information, and a number of crypto addresses including bitcoin and litecoin for the three.

> The Chinese kingpins that OFAC designated today run an international drug trafficking operation that manufactures and sells lethal narcotics, directly contributing to the crisis of opioid addiction, overdoses, and death in the United States...[Fujing] Zheng and Yan have shipped hundreds of packages of synthetic opioids to the U.S., targeting customers through online advertising and sales, and using commercial mail carriers to smuggle their drugs into the United States. ~ Sigal Mandelkar, Treasury Under Secretary for Terrorism and Financial Intelligence 

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Wednesday’s action marks the second time OFAC has sanctioned digital currency addresses specifically, having last done so in November 2018 when a pair of Iranian nationals were added to the Specially Designated Nationals list.

A list of the crypto wallets associated with these individuals can be found [here](https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins).

[Source](https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins) 
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vote details (104)
@crypto.piotr ·
Greetings appreciated @truthproductions.

I thought it was the first time this happened, but as you have told us, this is the second time.
In the same way, this is an important precedent and I consider that they are actions that go in the right direction.

The anonymous (or pseudonymous) characteristics of BTC have allowed to hide great wealthes of illegal origin.

Thank you for sharing this important news with us.

All best, Piotr.
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@quinneaker ·
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@lolesports ·
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