TRM Labs finds 75% of Chinese peptide crypto vendors also list fentanyl precursors
Crypto inflows to these chemical manufacturers hit USD 37.3 million in 2025, with the United States the largest identifiable source of customer spending.
MH
By Maren Holt · Senior Reporter, GLP-1
Oct 6 19:40 ETSource: TRM Labs
The wire
- 01TRM Labs says it has identified over 150 Chinese chemical manufacturers accepting cryptocurrency as of Q3 2026, and roughly 75% list both fentanyl precursors and peptides on their websites.
- 02Grey-market buyers of research-grade GLP-1, muscle, recovery and tanning peptide powders are often transacting with firms under DOJ indictment or Treasury sanction, a supply-chain and legal exposure clinicians should understand.
- 03TRM calls the 75% figure a lower bound because some vendors hide precursor pages off-navigation or quote them only in private messages following sanctions and indictments.
From the source
Read at trmlabs.comHow Chinese chemical suppliers sell both peptides and fentanyl precursors
Please be vigilant about TRM impersonation scams, especially those claiming to assist with fund recovery. More info
