Taiwan court sentences Jiuzhou gambling group chief to 11 years, seizes $1.05B
- —Chen Cheng-ku received 11 years and 8 months; over NT$32.9 billion confiscated
- —45 defendants face charges, including 35 individuals and 10 companies
- —The group collected bets via its own payment systems OnePaid and 1177PAY
- —The court found a senior police officer was bribed for confidential case data
Why it matters: The case highlights how gambling networks use in-house payment systems and crypto rails to launder money, adding pressure on regulators to tighten oversight.
Source: 動區 BlockTempo