Saturday, August 9, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

Chinese companies selling synthetic opioid chemicals raked in $27M in crypto payments

May 23, 2023
in Crypto Exchanges
Reading Time: 2 mins read
A A
0

[ad_1]

Blockchain evaluation agency Elliptic stated Could 23 that a number of Chinese language corporations promoting precursors to the artificial opioid fentanyl have obtained thousands and thousands in cryptocurrency.

Elliptic reported that its researchers interacted with over 90 corporations in China that supplied to promote fentanyl precursors.

Based on the analytics firm, 90% of these corporations accepted cryptocurrency funds, whereas 17 corporations have been keen to provide fentanyl itself.

Wallets obtained huge portions of crypto

Elliptic decided that the cryptocurrency wallets owned by the chemical suppliers have obtained greater than $27 million in crypto. This quantity might afford the acquisition of sufficient fentanyl precursors to create capsules with a road worth of $54 billion, it stated.

The chemical suppliers obtained funds over 1000’s of transactions, Elliptic stated. It additionally famous that the variety of transactions to these wallets elevated 450% year-on-year and stated that one fentanyl trafficker paid tens of 1000’s of {dollars}.

Suppliers largely accepted Bitcoin (BTC) and Tether (USDT), Elliptic reported. The evaluation by Elliptic signifies that funds despatched to addresses of precursor suppliers have seen a year-over-year enhance of 450%.

Fentanyl precursor crypto payments (Source: Elliptic)
Fentanyl precursor crypto funds (Supply: Elliptic)

Among the many addresses shared by precursor suppliers that have been analyzed by Elliptic, funds in Bitcoin (BTC) totaled 66% of whole transactions, Tether (USDT) funds on the Tron blockchain accounted for 21% and USDT funds on the Ethereum blockchain accounted for 13% of whole transactions. Different cryptocurrencies solely accounted for 1% of the full transactions.

Elliptic famous that some companies offered different chemical substances, a lot of which can be utilized to create different artificial opioids, methamphetamine and amphetamine.

The analytics firm has knowledgeable exchanges of the criminal activity and has flagged the cryptocurrency addresses concerned within the gross sales.

The publish Chinese language corporations promoting artificial opioid chemical substances raked in $27M in crypto funds appeared first on CryptoSlate.

[ad_2]

Source link

Tags: 27MchemicalsChineseCompaniesCryptoopioidPaymentsrakedSellingSynthetic
Previous Post

‘Mini Royale: Nations’ Is a Fun First-Person Shooter—That Sometimes Misses the Mark

Next Post

Huge Bitcoin & Crypto News! Coinbase, Ledger, Pulsechain

Next Post
Huge Bitcoin & Crypto News! Coinbase, Ledger, Pulsechain

Huge Bitcoin & Crypto News! Coinbase, Ledger, Pulsechain

Binance Jumbled Customer Funds with Company Revenue: Report

Binance Jumbled Customer Funds with Company Revenue: Report

Ledger Postpones the Launch of Ledger Recover Amid Criticisms Aming to Improve Transparency and Security

Ledger Postpones the Launch of Ledger Recover Amid Criticisms Aming to Improve Transparency and Security

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

s