tldr; William Panzera, a New Jersey man, was sentenced to 12 years in prison for his role in a drug trafficking network that used Bitcoin to pay Chinese suppliers for fentanyl-related drugs. The operation, active from 2014 to 2020, distributed over a metric ton of synthetic opioids in the U.S. Panzera was convicted of drug trafficking and international money laundering. The case highlights the growing use of cryptocurrency in facilitating illegal drug trade, with Chinese suppliers playing a key role in providing fentanyl ingredients and equipment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
unfortunately this shit has been going on forever, way before BTC
nugymmer on
Sad but true fact that fentanyl is one absolute utter motherfucker of a substance. It has killed so many unfortunate enough to get caught up in the ball and chain of opioid addiction.
The thing is, fuck that dude; he basically made a potential fortune off the deaths of so many trapped in a cycle of hopelessness. Sure, they could have got help, but they’re dead now, and this dude was possibly behind it. Just ask anyone whose family member is gone because of fentanyl. It’s one absolutely lethal drug. It’s only used to control pain, and once they find a better and safer painkiller, they’ll put this shit out to pasture for good.
GreedVault on
12 years is short, drugs destroy more lives than crypto scams…
Alone_Daikon_8027 on
Was he sentenced using btc or for buying fentanylÂ
Enschede2 on
Right, it was the using of bitcoin that was the legal issue here, right….
DNRforever on
Just bribe Trump and he can be out tomorrow.
Coakis on
What does it matter what he paid in? If this was in cash it would be no different, hell it would probably have been less traceable.
CriticalCobraz on
If you consider how many deaths he caused, 12 years is a very mild sentence
Blade_Runner_69 on
Yeah… Next time some big drug barons get busted using cash for drugs, I’ll make sure I post it on economics sub reddit, because the currency is the obvious issue here…. 🙄
Cash is still king for 90% of crime worldwide.
Grunchie on
What a clown. Thats what monero is for.
sltydgx on
He should has used trump coin , they would have liked that better.
ElGuano on
Should have just used ACH like the rest of us.
nshaq on
What the fuck is this headline? It implies that everything would be OK, if he just used a suitable currency to buy illegal drugs.
eastvenomrebel on
This trash title makes it sound like buying fentanyl isn’t the crime, but paying for it in BTC is lol. What a joke 😂
have1dog on
Should he have paid in bearer bonds instead?
MeOMattis on
Exiting times ahead when Trump orders Chinese boats blown up and Xi kidnapped.
dreampsi on
…because no one ever laundered money or paid for illegal drugs before BTC, right!?
18 Comments
tldr; William Panzera, a New Jersey man, was sentenced to 12 years in prison for his role in a drug trafficking network that used Bitcoin to pay Chinese suppliers for fentanyl-related drugs. The operation, active from 2014 to 2020, distributed over a metric ton of synthetic opioids in the U.S. Panzera was convicted of drug trafficking and international money laundering. The case highlights the growing use of cryptocurrency in facilitating illegal drug trade, with Chinese suppliers playing a key role in providing fentanyl ingredients and equipment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
unfortunately this shit has been going on forever, way before BTC
Sad but true fact that fentanyl is one absolute utter motherfucker of a substance. It has killed so many unfortunate enough to get caught up in the ball and chain of opioid addiction.
The thing is, fuck that dude; he basically made a potential fortune off the deaths of so many trapped in a cycle of hopelessness. Sure, they could have got help, but they’re dead now, and this dude was possibly behind it. Just ask anyone whose family member is gone because of fentanyl. It’s one absolutely lethal drug. It’s only used to control pain, and once they find a better and safer painkiller, they’ll put this shit out to pasture for good.
12 years is short, drugs destroy more lives than crypto scams…
Was he sentenced using btc or for buying fentanylÂ
Right, it was the using of bitcoin that was the legal issue here, right….
Just bribe Trump and he can be out tomorrow.
What does it matter what he paid in? If this was in cash it would be no different, hell it would probably have been less traceable.
If you consider how many deaths he caused, 12 years is a very mild sentence
Yeah… Next time some big drug barons get busted using cash for drugs, I’ll make sure I post it on economics sub reddit, because the currency is the obvious issue here…. 🙄
Cash is still king for 90% of crime worldwide.
What a clown. Thats what monero is for.
He should has used trump coin , they would have liked that better.
Should have just used ACH like the rest of us.
What the fuck is this headline? It implies that everything would be OK, if he just used a suitable currency to buy illegal drugs.
This trash title makes it sound like buying fentanyl isn’t the crime, but paying for it in BTC is lol. What a joke 😂
Should he have paid in bearer bonds instead?
Exiting times ahead when Trump orders Chinese boats blown up and Xi kidnapped.
…because no one ever laundered money or paid for illegal drugs before BTC, right!?