News
According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs.
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Drugs News
Drugs are any substance that is somehow consumed by an individual with a temporary effect on their physiological and often psychological state of their organism. Drugs are often used for medical purposes, such as anesthesia or as cures for psychological diseases. Still, most drugs have strong side effects with addiction being the most important one. As governmental drug control is often very strict, drug consumers try to find other means of purchasing the drug they want. Internet dark markets offer them the opportunity to buy drugs with Bitcoin or other cryptocurrencies. The Bitcoin drug market is growing over time as more people get used to new payment technologies. Still, blockchain may be also used for developing legal drug purchasing systems. Blockchain technology may help with eliminating counterfeit drugs by recording all the information about licensed products.
- News
An ETH wallet tied to Mexican national Mario Alberto Jimenez Castro was allegedly used for illicit fentanyl sales in the United States.
2402 - News
The United States Drug Enforcement Administration has yet to find those responsible for the attack but has enlisted the help of the FBI.
8396 - News
The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity.
8127 - News
“The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone," said the Massachusetts senator, citing an Elliptic report.
6419 - Analysis
It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill.
1826 - News
Uzbekistan's law enforcers were educated on blockchain analysis topics and methods for seizing crypto.
3088 - News
Cannabis users in the state may soon be able to pay for their green without cash.
6737 - Expert Take
With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization.
6915 - News
The charges are reminiscent of events that took place during the "Silk Road" saga.
7395 - News
Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet.
6375 - Analysis
The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emerging challenges.
12789 - News
Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs.
3963 - News
Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities.
12770 - News
Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency.
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