US Treasury Department blacklists China's "drug" Bitcoin and Litecoin addresses

The Office of Foreign Assets Control (OFAC) of the US Treasury Department sanctioned three Chinese citizens and their cryptocurrency addresses, alleging that they violated money laundering and drug smuggling laws. The agency designated Xiaobing Yan, Fujing Zheng and Zhengghua Zheng as drug traffickers under the “Drug Supervisor Designation Act”, freezing all the property they have in the United States, and listing the email aliases, citizen numbers and passports of the three. In addition, OFAC also blacklisted some of their bitcoin addresses and a Litecoin address.