The wallet was linked to one Jimenez Castro, who in turn was personally linked to the Sinaloa Cartel. According to the list published on the OFAC website, Castro is one of ten names included in the OFAC sanctions list as part of the anti-drug operation.
According to Arkham, the wallet was first active in January 2023 and received approximately $740,000 in deposits on Binance in two months.
The U.S. Treasury Department claims that Castro “operates a money laundering organization that uses virtual currency and bank transfers to funnel proceeds from illegal sales of fentanyl in the United States to leaders of the Mexican Sinaloa Cartel.”
Last year, the UN Office on Drugs and Crime reported that Mexican and Colombian drug cartels were increasingly using Bitcoin for drug sales and money laundering.
A year ago, the body of MakerDAO co-founder Nikolay Muchgyan was found in Puerto Rico. Shortly before his death, he tweeted that he “was a threat to the Central Bank Cartel and the CIA.”
Source: Bits
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