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.