Key Takeaways
- OFAC sanctioned 6 people laundering Sinaloa Cartel crypto, next aiming to disrupt US illicit fentanyl flows.
- Venezuela dismantled 1 massive 4,000 ASIC crypto farm, saving 10,000 MW to stabilize its power grid.
- Entering the crypto market, Bradesco will leverage its size to offer comprehensive custody options.
US Sanctions Sinaloa Cartel Network for Laundering Drug Profits Through Cryptocurrency
On Wednesday, the U.S. government Office of Foreign Assets Control (OFAC) sanctioned six individuals and two companies due to their involvement in a money laundering scheme for the Sinaloa cartel, one of the largest drug-trafficking organizations linked to the fentanyl flows entering the country.
Armando de Jesus Ojeda Aviles is the…
