The Office of Foreign Assets Control (OFAC) of the US Treasury Department has put on the “sanctions list” the addresses of cryptocurrency wallets of three Chinese citizens who traded drugs.
The” sanctions list ” includes the wallets of Xiaobing Yan, Fujing Zheng, and Guanghua Zheng, who used cryptocurrencies to launder the proceeds from the sale of drugs. After that, the criminals withdrew money to banks in China and Hong Kong. Sigal Mandelker, Undersecretary for Terrorism and Financial Intelligence, said::
“The Chinese criminals named by OFAC are involved in international drug trafficking and the sale of deadly drugs, which has contributed to the crisis of drug addiction and overdose deaths in the United States. Zheng and Yan shipped hundreds of packages of synthetic opioids to the United States. Commercial postal services were used to smuggle drugs.”
It is the second time that OFAC has added cryptocurrency addresses to its”sanctions list”. This was first done at the end of November 2018, when the cryptocurrency addresses of Iranian residents Ali Khorashadizadeh and Mohammad Ghorbaniyan were added to the list