From a sample of 141 potential suppliers in China and India, 100 were willing to supply our researchers with fentanyl precursor chemicals, pill presses and dies, paid for using crypto. All 100 suppliers were Chinese.

• Of those 100 suppliers, almost 20 were willing to supply fentanyl and one was shown to have previously supplied Alex Peijnenburg, a known fentanyl dealer who has been sanctioned by the Office of Foreign Assets Control (OFAC).

• These dealers’ wallets show an income of over $32 million in cryptoassets – predominantly in Bitcoin and Tether – originating mostly from centralized exchanges.

From: .

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https://www.elliptic.co/hubfs/Elliptic_Report_Crypto%20and%20the%20Global%20Fentanyl%20Trade.pdf?utm_campaign=Typologies%202023&utm_medium=email&_hsmi=267079136&_hsenc=p2ANqtz–1rZFBUGYEUN3vWXrJmXq1ayYrXQ5jics91MB3WwqKz-3QFVy9MJyIvUndm_zW4or2qHqBcpyJe8wwCshvCmcJ9c5qsQ&utm_content=267079136&utm_source=hs_automation