The 2.95 billion yuan online gambling case came to light, and many people were sentenced for using the quadripartite payment platform to settle USDT and other virtual currencies

Comparatively, the Xilin Gol League Intermediate People's Court of Inner Mongolia Autonomous Region handed down a second judgment upholding Ma's case involving illegal operations. This is one in a series of cases where the quadripartite payment platform provided funds for gambling platforms. In this case, some of the defendants were accused of receiving commissions or rebates in the form of virtual currencies such as USDT. According to the investigation, between May 24, 2022 and October 18, 2023, 5 people including Ma collected and paid illegal funds through third-party payment accounts, and used virtual wallets to collect USDT virtual currency and bank card payments. Through 105 merchants of 10 third-party payment companies, the settlement amount exceeded RMB 2.95 billion.

In the end, the court found that Ma had committed the crime of illegal business and was finally sentenced to 4 years and 6 months in prison and a fine of RMB 3 million yuan. The five people who arrived in the case one after another had already been sentenced by the court to 3 to 6 years in prison for illegal business. (Surge News)