Poker player wins $10 million in cryptocurrency sweepstakes

A poker player from Colorado who was allegedly targeted by the FBI for his online poker account was able to claim more than $10,000 in cryptocurrencies after he won a $10-million cash prize, authorities said Monday.

John Tinsley, 38, of St. George, Utah, won a jackpot of $5 million from the Crypto Poker Challenge in Las Vegas, the FBI said.

Tinsley was the first player to claim a $5-million prize after the event was held in April 2018.

He claimed the jackpot in the contest after being tipped off by a fellow player who was interested in the $5.8 million pot prize.

The FBI said the jackpots won by Tinsleys opponent, a man from New York City, were obtained in the course of the contest.

The online poker industry is booming, and Tinsles win is a testament to that, said FBI Special Agent Jason Burchfield.

“We think there’s something to be said for the fact that there’s a lot of people in the industry that are willing to take risks and try something new,” he said.

“This is a perfect example of the type of player that you want to attract to try to make money online.”

Tinsleys game of poker, which he ran since 2011, is one of the most popular in the United States.

The industry is valued at more than half a billion dollars.