Chinese cartel running fentanyl ops out of Wuhan spun up a fake $ZKsync token called https://t.co/R3yCfaUI0C to farm Japanese investors for hundreds of millions of yen.
Chainalysis flagged 120+ txns tied to OFAC-sanctioned entities.
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Los OGs recall the huge expectations they had with ethereum:0x66a5cfb2e9c529f14fe6364ad1075df3a649c0a5
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💊 FENTANYL + CRYPTO FRAUD — ONE NETWORK, TWO CRIMES
Nikkei Asia Investigation — June 22, 2026
Organization: Hubei Amarvel Biotech (Wuhan)
↳ Exported fentanyl precursors to the U.S.
↳ Operated through Firsky KK in Nagoya, Japan
CRYPTO SCAM:
↳ Created a fake https://t.co/5QUrRrDCw8 token
↳ Copied the real ZKsync (Ethereum L2) brand
↳ Used a Japanese domain for credibility
↳ Targeted users worldwide
↳ Losses exceeded $1M
↳ 120 transactions linked to sanctioned entities
↳ Chainalysis reportedly identified laundering activity
STATUS:
↳ Two executives convicted in Manhattan court
↳ Firsky liquidated in July 2024
↳ Boss in Japan Xia Fengzhi — whereabouts unknown
TRM Labs:
↳ 97% of Chinese drug-precursor manufacturers accept crypto.
Drugs + crypto fraud — same network.
Japan address.
Fake token.
$1M gone.
zksync. jp — one dot changed everything.
Always verify the contract address.
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