The bursting of Bitcoin bubble reveals hidden dangers in digital gambling chain

The U.S. Department of Justice (DOJ) has taken action to seize $5 million worth of Bitcoin associated with a SIM card exchange and money laundering program involving online casinos. The Justice Department accused offenders of using SIM cards to exchange two-factor authentication for bypassing victim accounts, stealing Bitcoin, and laundering money through online gambling platforms. The case highlights the growing use of cryptocurrencies in financial crimes and the increasing emphasis on the recovery of illegal digital assets through forensic tracking and multi-institutional investigations.