According to News.bitcoin, the FBI swooped down on a network of illegal gambling using fake cryptocurrencies, and Jonathan Arvay, a resident of Denver, Corrado, was convicted of running an illegal gambling business. Arvay disguises the exchange of gambling points with cash through a fake cryptocurrency called the Obsidian Digital Asset Coin (ODAC), which customers pay to exchange ODAC for dollars. The crackdown uncovered fraud and money laundering involving gambling establishments across Colorado.