Report: Chinese Police Expropriated $1.5 Million Cryptocurrency on Gambling During FIFA World cup 2018

Report: Chinese Police Expropriated $1.5 Million Cryptocurrency on Gambling During FIFA World cup 2018

It has been reported from China recently that the police had confiscated $ 1.5 Million Cryptocurrency, which was used in gambling, during FIFA World Cup 2018.

by Sources, firstly officials were noticed, that a secret gambling platform, that they claimed “take international recognized cryptocurrency with including bitcoin and Litecoin” this advertisement was working as the enticement to users. According to the source, the investigation of this case was launched soon after.

During the course of action, the police get some vital indication that this matter will get a new turn. Police found a site by which gambling was played, founded overseas, use traditional and old-style gambling model with cryptocurrency expenditures.

In the inquiry, all suspect gives their statement that after eight months, some 333,000 users the site, which reportedly saw an estimated transaction volume of at least $1.5 Million.

After the statement, police arrested six controllers of the website and expropriated $1.5 Million worth of Cryptocurrency as well as $750,000 in renminbi deposits from their bank accounts.

Source says that team will be working “to keep maintain a high emphasis attention” on cracking down online soccer gambling and they recommended to soccer fans to watch the games “rationally and consciously”

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