China seizes $1.5 million in Bitcoin from wallets used for illegal online gambling

By Christine Duhaime | August 7th, 2018

The police from Guangdong province in China arrested more than 540 people in mid-July and seized more than $1.5 million in Bitcoin associated with illegal online gambling. Police also took offline more than 70 gambling apps and websites and shut down 250 chats for online gambling. In addition, $39 million in assets have been seized including computers, phones, cars, servers and such. According to Guangdong police, over 330,000 people participated in the illegal gambling operations and gambled over 10 billion Yuan.

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