Bitrace: BKEX Hot Wallets Linked to Over 570 Million Risk USDT, Risk Funds Primarily from Online Gambling Platforms
According to a June 9 report from TuoniaoX.com, blockchain data analytics firm Bitrace revealed that between May 2022 and May 2023, cryptocurrency exchange BKEX hot wallets were associated with over 570 million risk USDT. Among these, BKEX's five main TRC20-USDT funding addresses directly received 4.99 million USDT from risk addresses, including 3.61 million USDT from online gambling platforms and gamblers, and 930,000 USDT from illegal fourth-party payment platforms, accounting for 2.6% of total inbound funds.
According to a June 9 report from TuoniaoX.com, blockchain data analytics firm Bitrace revealed that between May 2022 and May 2023, cryptocurrency exchange BKEX hot wallets were associated with over 570 million risk USDT. Among these, BKEX's five main TRC20-USDT funding addresses directly received 4.99 million USDT from risk addresses, including 3.61 million USDT from online gambling platforms and gamblers, and 930,000 USDT from illegal fourth-party payment platforms, accounting for 2.6% of total inbound funds.
Additionally, over the past year, more than 35,824 risk addresses transferred over 568 million risk USDT to BKEX's first-tier unknown risk user addresses, including 505 million USDT from online gambling platforms and 30.91 million USDT from illegal fourth-party payment platforms.
Previously reported, BKEX issued an announcement stating that due to recent suspected money laundering involving platform user funds, BKEX is currently cooperating with police investigations and has suspended withdrawals.