Reported by VN Express, it was revealed that as a result of the $3.8bn gambling ring being uncovered, four siblings have been placed under arrest in the region – pending further investigations into the alleged crimes.
The ring allowed bettors to engage with the illegal market through ETH and Naga tokens, as well as the most popular global stablecoin by market cap, USDT.
Variety utilised within the currencies being offered underlines how widespread the operation is and the full spectrum of demographics that it caters to.
The usage of USDT also emphasises a desire to engage players that aren’t versed with the crypto space or shy away from the volatility, given USDT pegged against the US Dollar to provide stability associated with fiat currencies. Furthermore, it also raises questions being asked by leaders in global markets that have touted the po..