Casinos in Sihanoukville received more than $1 billion in cryptocurrency from January to early September, despite a government crackdown on online scam operations and casinos, according to a new report from blockchain intelligence firm TRM Labs.
The report, released in late October, tracked crypto flows to 34 casinos in the coastal city from Jan. 1 to Sept. 7 and found the money kept arriving as authorities publicized raids on fraud operations.
Of the $1.07 billion, about $687 million, or 64%, went to casinos tied to networks sanctioned by the United States Treasury Department’s Office of Foreign Assets Control (OFAC), the report said.
The figures measured cryptocurrency sent to digital wallets TRM linked to the casinos, based on its…







