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Crypto

China Cracks Down on Multi-Billion Yuan Online Gambling Ring

Guavy AI Editorial Team
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USDT
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A major online gambling case has been exposed in China, involving a total of 29.5 billion yuan (approximately $4.3 billion USD). The case revolves around individuals using the Four Rivers Payment Platform to settle transactions with virtual currencies such as USDT.

The perpetrators were sentenced to prison terms ranging from several months to over two years for their involvement in this massive online gambling operation.

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