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Ethereum Wallet Tied to Sinaloa Cartel Sanctioned by US Government

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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 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 aThe 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

 

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