ChainCatcher news, according to Wu citing Weibo user Shi Di's report, he was taken away by the Public Security Bureau of Pingjiang County, Yueyang City, Hunan Province for investigation into the BKEX (Bikex) 12.15 online gambling case on April 9. Specifically, it concerns the commission rebate issues from July 2021 to July 2022. He was detained in the Pingjiang detention center for over 20 days, and on April 26, he had returned 1.576 million yuan in stolen property and was released on bail. He stated that high leverage in perpetual contracts is currently defined as online gambling, and commission rebate agents, including individuals developing downlines, may be suspected of being accomplices in a casino.

ChainCatcher news, according to reports from Wu, has learned from multiple investors that personnel related to the GameFi project Tiny World are suspected of being investigated by the police.Tiny World is the original EOS Three Kingdoms team. According to data from the crypto platform RootData, Tiny World completed a $2.5 million financing in 2022, with this round of financing participated by HashKey, SNZ, Sky9 Capital, Everest Ventures Group (EVG), TokenPocket, Cipholio, Foresight Ventures, COCOS-BCX, and others.Analysts point out that currently, blockchain games in China are easily associated with crimes such as operating a casino.

ChainCatcher news, according to an exclusive report by Wu, recently several domestic CTOs, CHOs, and other executives from a certain exchange have been investigated by the Chinese police on charges of operating a casino. In addition, other exchanges have also been investigated, and the founder of a certain third-tier exchange has also come under investigation, with a wide scope that may involve "providing payment settlement services for gambling websites and gambling programs." Bitrace on-chain data research shows that in the past year, the gambling funds directly transferred to or indirectly associated with the hot wallet addresses of mainstream trading platforms have exceeded 7.6 billion USDT.