Ball Gambling With Bitcoin Makes You Tricky in the Chinese Plain
Chinese authorities arrested six suspects at World Cup gambling who risked cryptocurrency worth CNY10 billion Rp21.4 trillion, according to a statement released by the police department in Guangdong province.
This gambling syndicate is on the dark web. They accept bets in the form of bitcoin, ethereum, and litecoin. They have been operating for eight months before being caught, reports The Verg
They have 300 thousand gamblers from various countries, 8 thousand "agents" who get a commission to recruit new members through a pyramid-like system.
World Cup gambling is indeed happening in the world. However, the Chinese government tried to arrest the masterminds. Most types of gambling are banned in China. There are only two types of lotteries which are legal gambling in China.
This gambling network capture on the dark web is part of China's plan to deal with criminal activities. This is a gambling syndicate involving cryptocurrency, according to the Guangdong police.
So far, they have arrested 540 suspects and frozen money worth CNY260 million (Rp. 557 billion).
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