Chainalysis Uncovers Crypto Transactions Linked to Mexican Drug Cartels and Chinese Labs

Blockchain analytics firm Chainalysis revealed that Mexican drug cartels have been using cryptocurrency payments to purchase fentanyl precursors from Chinese suppliers, uncovering a direct financial connection between the two groups. This discovery builds upon earlier findings, which identified over $37.8 million in suspicious cryptocurrency transactions linked to China-based chemical traders from 2018 to 2023. source: https://cryptonews.com/news/chainalysis-tracks-crypto-ties-to-cartels-chinese-labs/