Sihanoukville casinos receive $1.07 billion in cryptocurrency

Casinos in Sihanoukville, Cambodia, received approximately $1.07 billion in cryptocurrency between January 1 and September 7, 2026, according to a report by blockchain intelligence firm TRM Labs. This influx occurred despite a Cambodian government crackdown on scam compounds and international sanctions against specific networks.

Of the total amount, $687 million, or 64%, was attributed to casinos linked to networks sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC). Specifically, entities linked to Xihu Resort Hotel received $184 million, and those attributed to Huan Hai Bo Lai International Investment received $129 million between April 23 and September 7.

While monthly inflows appeared to decline from an average of $148 million per month in early 2026 to roughly $95 million in July and August, investigators noted that frequent changes in wallet addresses may obscure the true scale of transactions. The report highlighted that USDT on the TRON blockchain accounted for 99.9% of all cryptocurrency received by the tracked casinos.