U.S. Treasury Discloses Bitcoin and Litecoin Addresses of Alleged Chinese Drug Smugglers | BTCMANAGER
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According to a press release dated August 21, 2019, the U.S. Treasury Department has blacklisted three Chinese citizens and one Chinese Entity for allegedly leading an online-based drug trafficking organization that was smuggling opioids inside the US. Criminals have been blacklisted and personal data have been disclosed including several bitcoin addresses and one litecoin address.
Buy Drugs with Bitcoin? Think Twice!
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside with the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced in a note released on August 21, 2019, to bring additional financial pressure upon those who manufacture, sell or distribute synthetic drugs or their precursors’ chemicals.
The Offices, in a coordinated action, have identified three Chinese citizens member of the Zheng Drug Trafficking Organization (DTO) as foreign narcotics traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (also known as Kingpin Act). Fujing Zheng, Guanghua Zheng, and Xiaobing Yan have been blacklisted for significant drug trafficking and support to the illegal activities of the criminal organization. Alongside them, OFAC has also designated an additional Chinese entity, Qinsheng Pharmaceutical Co. Ltd, for being controlled by Fujing Zheng himself.
According to Sigal Mandelker, Under Secretary for Terrorism and Financial Intelligence, Zheng drug cartel “has 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.”
Directed by Fujing Zheng,