{"id":341,"date":"2018-07-18T10:23:36","date_gmt":"2018-07-18T08:23:36","guid":{"rendered":"http:\/\/www.labo.mathieurella.fr\/?p=341"},"modified":"2021-12-17T19:11:23","modified_gmt":"2021-12-17T18:11:23","slug":"crypto-betting-ponzy-scheme-world-cup-2018","status":"publish","type":"post","link":"https:\/\/www.labo.mathieurella.fr\/?p=341","title":{"rendered":"Crypto Betting Ponzy Scheme World Cup 2018"},"content":{"rendered":"<p>On Thursday, July 12, the Chinese authorities dismantled an illegal online betting network that reached $1.5 billion in bets on 2018 World Cup matches, using crypto-currencies such as ethereum, Bitcoin and litecoin.<\/p>\n<p>In a statement first relayed by the national newspaper South China Morning Post, police in Guangdong province in southern China said they were holding six people suspected of being behind the network.<\/p>\n<p>The site of this illegal network, which is accessible only through non-traceable search engines, attracted some 300,000 participants in just 8 months, according to articles in the South China Morning Post.<\/p>\n<p>In a statement, the Chinese authorities said that the network was built on a pyramid system, whereby recruiters could take advantage of other members&#8217; bids.<\/p>\n<p>&#8220;The bookmaker analyses the player&#8217;s bet, and manipulates the odds according to the ratio of the bet, and allows a small number of people to win,&#8221;.<\/p>\n<p>This betting network is considered to be the first ever cryptocurrency crime involving a major sporting event to have ever occurred.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, July 12, the Chinese authorities dismantled an illegal online betting network that reached $1.5 billion in bets on &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[13],"_links":{"self":[{"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/posts\/341"}],"collection":[{"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=341"}],"version-history":[{"count":2,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/posts\/341\/revisions"}],"predecessor-version":[{"id":511,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=\/wp\/v2\/posts\/341\/revisions\/511"}],"wp:attachment":[{"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.labo.mathieurella.fr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}