[U.S. Treasury Sanctions Drug Trafficker Using Cryptocurrency for Money Laundering] According to Bloomberg, the U.S. Treasury Department announced sanctions against an operator of the Sinaloa drug cartel, accusing him of using cryptocurrency to transfer drug trafficking proceeds back to Mexico. The Treasury Department's Office of Foreign Assets Control stated that the sanctioned individual is Armando de Jesus Ojeda Aviles, along with several accomplices, who laundered proceeds from the sale of fentanyl, cocaine, and methamphetamine for the Sinaloa Cartel. The network relied on couriers within the United States to collect cash and conducted transfers through digital currency addresses. In April 2024, a federal grand jury in Colorado indicted another accomplice of Ojeda, Rodrigo Alarcon Palomares, on charges of laundering drug proceeds through cryptocurrency.