US Sanctions Several Individuals, Dozens of Bitcoin, Ether and Bitcoin Cash Addresses on Opioid Allegations

The U.S. Treasury Department's sanctions watchdog added three people to its blacklist, alleging they used crypto to facilitate the supply of illegal and synthetic drugs to the U.S.

In a press release Wednesday, Treasury's Office of Foreign Asset Control announced it was adding Dutch citizens Alex Adrianus Martinus Peijnenburg and Martinus Pterus Henri De Koning, and British national Matthew Simon Grimm to its sanctions list, alongside more than 50 bitcoin, ether and bitcoin cash addresses. The three individuals are accused of providing drugs to the U.S., including fentanyl, stimulants, cannabinoids and opioids.

The three sold these drugs through darknet marketplaces and other internet stores, <a href="https://home.treasury.gov/news/press-releases/jy1089" target="_blank">OFAC alleged</a>. The sanctions watchdog is also adding a number of businesses tied to the three to its blacklist, meaning U.S. persons are prohibited from conducting any transactions with the three.

In a statement, Undersecretary Brian Nelson said, "the Treasury Department will continue to deploy its counternarcotics authorities to disrupt those involved in the fentanyl global supply chain."

More than <a href="https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20221109" target="_blank">30 of the addresses</a> were tied to Grimm, with the remainder tied to Peijnenburg.

“Treasury is identifying over 50 virtual wallet addresses associated with this network’s drug trafficking activities as we take further action to counter the abuse of virtual currency. I would like to thank our Dutch and UK partners and U.S. law enforcement counterparts for their partnership and for enabling today’s action," Nelson said.

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