Gray-market peptides, familiar sellers.

Gray-market peptides, familiar sellers. “Crypto payments to gray-market peptide vendors, many of which are part of the fentanyl business, totaled $27 million in the first quarter of this year, up nearly 150% from Q4 2025, per Chainalysis.” The Axios piece traces how some China-based fentanyl precursor makers are pivoting into the influencer-fueled peptide boom, often selling to buyers who “often have no idea who they’re buying from.” ~ learn more