US sanctions Sinaloa cartel-linked Ethereum addresses
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.
Last updated: 2026-05-21 21:50:16 ET
OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network allegedly converting drug proceeds into crypto.
It comes as the US weighs whether to proceed with a $14bn arms sales to Taiwan, which China claims as its own.
The "buy, borrow, die" strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income.
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