AngieHolmes
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Peptides are more profitable than fentanyl? Wired magazine reports:
Crypto-tracing firm Chainalysis this week published an analysis of crypto flows to peptide sellers, a gray market that the company now measures at more than $100 million a year and growing. Chainalysis specifically found that some of the same Chinese labs that were previously selling fentanyl precursors have now switched to manufacturing and selling peptides. The transition, Chainalysis believes, is designed to cash in on the wave of “looksmaxing” hype across social media that has pushed peptide sales—and to avoid the risk of a law enforcement crackdown on opioid manufacturers.
Chinese Crypto-Funded Fentanyl Labs Are Switching to Selling Peptides
The supplements known as peptides—chains of amino acids that promise to help those who smear, ingest, or inject them achieve everything from weight loss to skin rejuvenation—have become their own largely unregulated pharmaceutical subindustry. So it figures that their growth is being fueled by cryptocurrency, often sent directly to the Chinese labs that sell these mysterious panaceas.Crypto-tracing firm Chainalysis this week published an analysis of crypto flows to peptide sellers, a gray market that the company now measures at more than $100 million a year and growing. Chainalysis specifically found that some of the same Chinese labs that were previously selling fentanyl precursors have now switched to manufacturing and selling peptides. The transition, Chainalysis believes, is designed to cash in on the wave of “looksmaxing” hype across social media that has pushed peptide sales—and to avoid the risk of a law enforcement crackdown on opioid manufacturers.
