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Jun 22, 2026

Fentanyl-Linked Chinese Network Tied to Crypto Fraud in Japan Using Fake 'Zksync.jp' Token

A Chinese organization suspected of illegally exporting fentanyl precursor chemicals was linked to a large-scale cryptocurrency fraud operation through a base in Japan, involving a fake 'Zksync.jp' token, according to a Nikkei investigation.

Jun 22, 2026·1 source

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Top claims

▪Two executives from Hubei Amarvel Biotech were convicted in a Manhattan federal court in February 2025 for conspiring to import fentanyl precursors into the U.S.
▪The Nikkei report concluded that authorities in Japan and elsewhere are lagging in their ability to track drug money that moves through crypto
▪Research from TRM Labs found that approximately 97% of over 120 studied China-based drug-precursor manufacturers accept cryptocurrency

Topics

Anti-money laundering (AML)Crypto regulation

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