Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global F...

Chainalysis reports that cryptocurrency inflows to China-based fentanyl precursor shops have grown substantially, now exceeding $250 million since July 2015 in its March 7, 2024 update. The earlier May 2023 analysis found about $38 million in inflows from January 2018 to April 2023, and the expanded dataset includes several thousand more addresses. The company also reports that on-chain flows to suspected chemical shop addresses correlate with fentanyl seizures at the U.S.-Mexico border, which it says matches regional patterns the DEA identified.