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The Nexus
SECURITYMay 21 · 13:23 UTCCOINTELEGRAPHCointelegraph by Zoltan Vardai

US sanctions Sinaloa cartel-linked Ethereum addresses

The US Office of Foreign Assets Control (OFAC) has sanctioned six Ethereum addresses connected to a Sinaloa Cartel money laundering operation that was allegedly converting drug trafficking proceeds into cryptocurrency. This action represents a significant enforcement effort against criminal organizations utilizing blockchain technology for financial crimes.

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