A federal grand jury in Ohio, United States, has indicted two Chinese companies and six Chinese nationals, accusing them of participating in the supply of fentanyl precursors and diluents, as well as money laundering through cryptocurrency. The case involves Shandong Believe Chemical Company Pte Ltd and Shandong Ranhang Biotechnology Co Ltd. The charges state that the defendants received crypto assets through controlled wallets and transferred them to overseas financial institutions. Some of the defendants are also accused of providing support to Mexican drug trafficking organizations. If convicted, those involved could face up to life imprisonment and a maximum of 20 years in prison. Data shows that approximately 97% of Chinese precursor manufacturers accept cryptocurrency payments, with on-chain funds reaching $39.1 million in 2025.