Sunday, June 21, 2026

Fentanyl-linked Chinese network tied to crypto fraud from Japan involving fake ‘Zksync.jp’ token: Nikkei

The linked criminal group allegedly distributed a scam token under the name "zksync.jp" to deceive crypto users worldwide, with losses of over $1 million. 

  • A Chinese criminal network involved in fentanyl precursor exports has been linked to a large-scale crypto fraud operation based in Japan.
  • The group allegedly used a fake 'zksync.jp' token and Japanese domains to deceive users, resulting in over $1 million in losses and evidence of money laundering through accounts tied to U.S.-sanctioned entities.
  • Despite Japan's efforts to expand crypto regulation and anti-fentanyl enforcement, its open financial system remains attractive for disguising illicit proceeds.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Enforcement actions litigation, Emerging hubs, Non evm chains

Tags: #fentanyl #cryptofraud #moneylaundering #zksyncjp #hubeiamarvelbiotech #firsky #nikkei #sanctionedentities #japan #china

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