In a first for China, an illegal World Cup gambling ring has been busted holding more than $1.5 billion in live bets – all in cryptocurrencies. Six major suspects are in custody. Nestled in a southern Guangdong province, the syndicate is reported to have themselves been sitting on $1.5 million in cryptocurrency, which was seized by police, alongside half that in yuan, stored in bank accounts – now frozen.
China Breaks Up Underground $1.5 Billion World Cup Crypto-gambling Ring
David Canellis, The Next Web
Fri, 07/13/2018 - 1:49am
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