Mexican Cartels Exploit Bitcoin, Ethereum, Tether To Fund Fentanyl Production

Criminal networks in Mexico are leveraging popular cryptocurrencies to finance the procurement of raw materials for fentanyl production, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). What Happened: The advisory, released on Thursday, highlights the increasing use of digital assets such as Bitcoin (CRYPTO: BTC BTC - $62721.470 Ethereum (CRYPTO: ETH ETH - $2459.540 Monero (CRYPTO: XMR XMR - $175.866 and Tether (CRYPTO: USDT) by these organizations to purchase precursor chemicals from suppliers based in China.

Source: benzinga.com

Related symbols: BTCUSD

2024-06-20 19:05:04 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $62721.470

Volume 24h: $43,847,584,907.74

Market Cap: $1,239,144,174,878.55

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Price & Market Data

Price: $2459.540

Volume 24h: $18,487,316,075.03

Market Cap: $295,993,468,779.60

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,345,065.76920383. The last known price of Ethereum is 2,464.89210745 USD and is up 5.67 over the last 24 hours. It is currently trading on 9306 active market(s) with $18,458,184,027.49 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

Price & Market Data

Price: $175.866

Volume 24h: $80,361,964.95

Market Cap: $3,244,160,022.68

Description

Monero (XMR) is a cryptocurrency . Users are able to generate XMR through the process of mining. Monero has a current supply of 18,446,744.07370955. The last known price of Monero is 176.84011332 USD and is up 3.25 over the last 24 hours. It is currently trading on 293 active market(s) with $79,902,110.02 traded over the last 24 hours. More information can be found at https://www.getmonero.org/.