Crypto-Funded Chinese Peptide Labs Are Booming (opens original article in a new tab)

Chinese peptide labs funded by cryptocurrency are expanding, with some transitioning from fentanyl precursors to peptides. Crypto-tracing firm Chainalysis reports the market exceeds $100 million annually and is growing.

• Chinese labs shift from fentanyl to peptides, fueled by crypto
• Chainalysis estimates the peptide market at over $100 million annually
• Crypto funding allows labs to avoid opioid crackdowns