Some of Our Sources
- BoingBoing
- Joshua Blankenship
- Pearsonified
- Web Designer Depot
- Naldz Graphics
- My Ink Blog
- Freelance Switch
- Android Dissected
- Codrops
- Android Headlines
Help Webnuz
Referal links:
July 13, 2018 09:20 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/mtXzP13yN-A/chinese-police-bust-world-cup-gambling-ring-with-more-than-1-billion-in-cryptocurrency
Chinese Police Bust World Cup Gambling Ring With More Than $1 Billion In Cryptocurrency
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 than 300,000 players from different countries, and 8,000 "agents" who earned commissions for recruiting new members through a pyramid scheme-like system, according to the South China Morning Post. The bust that took down the dark web syndicate was a part of China's larger plans to stem the criminal activity -- though this was the first to involve cryptocurrency, according to Guangdong law enforcement. Thus far, they've arrested 540 suspects and frozen more than 260 million yuan as a part of their efforts.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/mtXzP13yN-A/chinese-police-bust-world-cup-gambling-ring-with-more-than-1-billion-in-cryptocurrency
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot