Add as a preferred source on GoogleTRM Labs Says 34 Sihanoukville Casino Entities Received $1.07B in Crypto
About $687 million flowed to casinos linked to networks sanctioned by the U.S. Treasury's Office of Foreign Assets Control (OFAC); Tether (USDT) on TRON made up 99.9% of the funds.
TRM Labs said 34 casino entities in Cambodia's Sihanoukville received about $1.07 billion in crypto from Jan. 1 through Sept. 7, 2026; $687 million flowed to casinos linked to networks sanctioned by the U.S. Treasury.
That amount was 64% of the total. The linked networks were subject to sanctions by the U.S. Treasury's Office of Foreign Assets Control (OFAC).
Three casino entities associated with those networks received more than $320 million after the applicable sanctions took effect, TRM Labs said.
Tether (USDT) on the TRON network made up 99.9% of the tracked funds. TRM Labs also said casinos and local exchange outlets continued to offer crypto-to-cash services. Inadequate customer due diligence at some casinos and frequent wallet changes by operators made the flows harder to trace, the firm said.
TokenPost previously covered TRM Labs' examination of the services supporting Southeast Asian scam compounds.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.