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BKEX Exchange Declared an Illegal Gambling Platform by Chinese Court

Published by
Elena R

A Chinese court has ruled that BKEX’s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price movements. Employees like Zheng Lei and Wang were convicted of aiding the platform’s operations. While some sentences were suspended, hefty fines and asset recoveries were imposed. This ruling reinforces China’s strict stance against crypto-related financial crimes.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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