Chinese police busted a R14 billion cryptocurrency dark web World Cup gambling ring
On Thursday, Chinese officials shut down an online gambling ring that had accumulated $1.5 billion, or around R14 billion, in bets made on World Cup matches using cryptocurrencies like ethereum, bitcoin, and litecoin.
In a statement first reported by the South China Morning Post, แทงบอลออนไลน์ police from China's southern Guangdong province said that they had detained six people who they suspect to be behind the gambling ring.
The gambling ring's website, which could only be accessed by using untraceable search engines, had attracted some 300,000 participants in just eight short months, the Post reports.
In a statement, Chinese officials said that the gambling ring was a pyramid scheme where recruiters could profit off of other members.
"[T]he bookmaker analyses the gambler bet...