TRM Labs counts 50 former fentanyl precursor sellers now shipping peptides
Crypto payments tied to the trade top $10 million a month, with the United States among the primary buyer countries, the Wall Street Journal reported.
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By Daniel Okafor · Regulatory Correspondent
Oct 11 03:00 ETSource: 헤럴드경제
The wire
- 01Cryptocurrency analytics firm TRM Labs tracked roughly 200 Chinese companies that sold fentanyl precursors and says at least 50 now sell peptides, including melanotan II and semaglutide salt.
- 02Gray-market supply of unapproved peptides and counterfeit GLP-1 drugs competes directly on price with approved products, a sourcing risk for clinics, compounders and self-injecting patients.
- 03The figures come from blockchain tracing and company advertising rather than enforcement records; one named firm, Anhui Renchen Technology, was indicted in 2023 over fentanyl precursors.
From the source
Read at biz.heraldcorp.comChinese firms that once supplied fentanyl precursors now eye illicit peptide market
Chinese chemical companies that exported fentanyl precursors are pivoting to peptides as US scrutiny mounts, smuggling bulk shipments disguised as snacks and processing cryptocurrency payments exceeding $10 million a month
Source URL https://biz.heraldcorp.com/article/10898337
