World Cup gambling racket with $1.5 bn in crypto bets busted
Officials in China have busted a World Cup gambling ring that brought in 330,000 users and placed around $1.5 billion worth of cryptocurrency bets over eight months, according to state media. Local police have arrested six suspects from whom $1.5 million was confiscated. China has so far arrested 540 suspects and frozen around $39 million to stem illegal WC betting.