The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Indian nationals, Sadiq Abbas Habib Sayyed and Khizar Mohammad Iqbal Shaikh, along with their India-based operation KS International Traders, for trafficking counterfeit pills laced with fentanyl and other synthetic drugs into the United States. A cryptocurrency address was included for Sadiq Abbas Habib Sayyed.
This network has operated under the guise of a legitimate online pharmacy while distributing counterfeit pharmaceuticals disguised as common medications like Oxycodone and Xanax. Despite a federal indictment in 2024, Shaikh continued operations, actively marketing these dangerous counterfeit drugs to U.S. consumers. The operation has significantly contributed to the ongoing synthetic opioid crisis affecting American communities.
The address belonging to Sayyed is now labeled in Chainalysis products as “OFAC SDN Sadiq Abbas Habib Sayyed 2025-09-24” Sending and receiving exposure to this address will trigger sanctions alerts for KYT customers, per their configured alert rules.
