Several executives of a certain exchange are under investigation for suspected involvement in the establishment of a gambling den.

Odaily News According to exclusive information from Wu, several domestic CTOs, CHO, and other executives from a certain exchange in China have been investigated by the Chinese police. The charges are related to operating a gambling site. In addition, other exchanges are also under investigation, and the founder of a third-tier exchange is also being investigated. The scope of the investigation is extensive. It may involve providing fund payment and settlement services for gambling websites and gambling programs. Data research on Bitrace Chain shows that in the past year, the amount of online gambling funds directly transferred to or indirectly associated with mainstream exchange platforms' hot wallets has exceeded 7.6 billion USDT.