China jails Sifang operators over $428M USDT gambling network

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.…

Source: https://crypto.news/china-jail-sifang-operators-428m-usdt-gambling-network/