An Ethereum wallet connected to Jimenez Castro, a Mexican man with connections to the Sinaloa cartel, has been sanctioned by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury.According to a list posted on OFAC’s website, Castro is one of 10 people named on its sanctions list as part of a counter-narcotics campaign.
According to data from Arkham, the wallet in issue received almost $740,000 in deposits to Binance over a two-month period after becoming active for the first time in January of this year.
A U.S. Treasury press release states that Jimenez Castro “operates money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico.”
Earlier this year, OFAC imposed sanctions on a collection of cryptocurrency wallets connected to the North Korean government.