Chinese police busted<\/a> a criminal organization running online gambling operations. At the time, it was one of the biggest to be uncovered, having reportedly laundered as much as $5.6 billion through cryptocurrency.<\/p>\nSlightly more than a year earlier, they broke up another gang. It was much smaller, but also used cryptocurrency to facilitate online gambling. The authorities seized more than $3.8 million in crypto during the raids.<\/p>\n","protected":false},"excerpt":{"rendered":"
Authorities in China have dismantled another colossal gambling network that operates internationally following an investigation that reportedly lasted two years. At the same time, they seized $160 million worth of cryptocurrency. However, there may be much more to the story. Chinese media outlet Toutiao reported that the police had to use a court order to […]<\/p>\n","protected":false},"author":64,"featured_media":281639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21],"tags":[81913,82061,13766,81892],"acf":[],"yoast_head":"\n
Chinese Police Bust Illegal Gambling Ring, Seize $160M in Cryptocurrency - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n