Chinese police arrested the organizers of the tote, which gathered $ 1.5 million in bitcoin rates

Chinese police arrested the organizers of the tote, which gathered $ 1.5 million in bitcoin rates

Over 1.5 million dollars in bitcoin was seized under anti-gambling campaign by the Chinese police during the world Cup 2018.

Chinese state news source Xinhua has reported two days ago that the local authorities first came across the anonymous platform of online gambling, taking bets in crypto-currencies, including Bitcoin, Litecoin and Ether, and then began the investigation that led to the arrest.

The research team found that the site used the standard model of online betting, which has integrated the cryptocurrency payment methods, thus avoiding national regulatory restrictions.

Police in Guangdong province arrested 540 suspects in the scheme, which represented 20 different criminal gangs. Was blocked 70 mobile apps and websites with illegal bookmakers, as well as 230 groups in social networks and messengers through which the suspects promoted the sweepstakes.

For eight months the site was used 330 000 users, with the result that the volume of transactions amounted to 1.5 billion. The U.S., of which bitcoin was confiscated 1.5 million, the Police arrested six of the organizers, and also withdrew $ 750,000 yuan from their Bank accounts.

It should be recalled that bookmakers are banned in China by law, as well as cryptocurrencies.

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