Chinese Police Bust World Cup Gambling Ring With More Than $1 Billion In Cryptocurrency

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An anonymous reader quotes a report from The Verge: Chinese authorities have arrested six suspects behind a World Cup gambling ring that was hosting more than 10 billion yuan — or $1.5 billion USD — worth of cryptocurrency bets, according to a statement released yesterday by the police department in Guangdong province. The gambling syndicate ran on the dark web, accepting bets in the form of bitcoin, ethereum, and litecoin for an eight-month stretch before being apprehended. It attracted more

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