Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts.
Summary
- Chinese courts sentenced five Sifang operators to between three and six years.
- The network processed about $428 million through USDT, bank cards and payment accounts.
- Investigators used Tether wallet data and OKX records to trace crypto transactions.
The Paper reported that the Intermediate People’s Court of Xilin Gol League in Inner Mongolia upheld Ma’s conviction for illegal business operations on…
