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China jails Sifang operators over $428M USDT gambling network – TON BOT

China jails Sifang operators over $428M USDT gambling network

Five Sifang payment platform operators in China were sentenced to three to six years in prison for processing over $428 million through USDT, bank cards, and third-party payment accounts. The operation linked gambling sites to payment channels and involved unlicensed payment settlement activities. Investigators used Tether wallet data and OKX records for tracing crypto transactions.


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