U.S. · U.S. Treasury · Ethereum · Donald Trump · Decrypt
US Treasury Sanctions Sinaloa Cartel Over Crypto-Fueled Fentanyl Trafficking
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The U.S. Treasury added individuals and entities from two separate networks tied to the Sinaloa Cartel and its crypto-facilitated fentanyl trafficking operations, it announced on Wednesday.
Key facts
- Last July, a Department of Justice report indicated that the DEA had seized more than $10 million in crypto assets from the Sinaloa Cartel in 2025
- The sanctions stem from a coordinated effort led by the Homeland Security Task Force (HSTF) with help from the Drug Enforcement Agency (DEA)
- The violent Sinaloa Cartel is a U.S.-designated Foreign Terrorist Organization (FTO) responsible for a significant portion of the illicit fentanyl trafficked into the United States that kills tens
- As President Trump has made clear, this administration will not allow narco-terrorists to flood our borders with poison,” Secretary of the Treasury Scott Bessent said in a statement
Summary
Individuals and entities tied to the trafficking of fentanyl were added to the OFAC sanctions list. Some members allegedly turned cash into crypto before sending it to the Sinaloa Cartel. Six Ethereum addresses connected to the individuals were also added to the sanctions list. The U.S. The sanctions stem from a coordinated effort led by the Homeland Security Task Force (HSTF) with help from the Drug Enforcement Agency (DEA).