Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Precursors: U.S. Treasury

The cartels “are increasingly purchasing fentanyl precursor chemicals and manufacturing equipment” from China-based suppliers and paying in tokens including bitcoin (BTC), ether (ETH), monero (XMR), and tether (USDT) “among others,” according to an updated FinCEN advisory to alert U.S. financial firms about the network of criminal organizations producing the dangerous narcotic.