Denver resident convicted of illegal gambling operation involving fake cryptocurrency

This article is machine translated
Show original

ChainCatcher reported that the U.S. Attorney’s Office announced that 38-year-old Denver resident Jonathan Arvay was convicted of conspiracy to operate an illegal gambling network.

The gambling operation, which operated at multiple gaming halls in Colorado, used video games and a fake cryptocurrency, Obsidian Digital Asset Coin (ODAC), to disguise the exchange of points for cash. The only function of the cryptocurrency was to redeem cash at "cryptocurrency tellers" located next to or inside the casino, revealing money laundering and fraud.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments