U.S. Treasury blacklists cryptocurrency addresses associated with Chinese “drug kingpins”

The Treasury Department’s Office of Foreign Assets Control (OFAC) took actions against three Chinese nationals, who it alleges manufactured and distributed “synthetic opioids or their precursor chemicals.” According to OFAC, the individuals laundered part of their drug proceeds in bitcoin, transmitting these…

After SEC, Chinese police now investigating crypto token trading platform EtherDelta

Local police in China are reportedly investigating cryptocurrency token trading platform EtherDelta, months after the U.S. Securities and Exchange Commission (SEC) charged the platform’s founder Zachary Coburn. “EtherDelta is involved in a major scam in China, police officially take legal…