How did the siblings operate this transnational online gambling ring?

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Siblings Operated Transnational Online Gambling Ring Through Crypto Investments and Social Media Recruitment

Four siblings and dozens of others have been sentenced by a Vietnamese court for their involvement in a transnational online gambling and cryptocurrency scheme that processed US$3.8 billion in transactions. The criminal network, active between early 2020 and late 2021, was dismantled by police and involved the creation of investment websites that facilitated the conversion of Vietnamese dong into digital tokens for online gambling. At its height, the operation boasted 20,000 users who managed approximately 25 million accounts, with some members earning commissions by recruiting new participants through social media platforms.
Design of Investment Websites and Cryptocurrency Conversion

The core of the operation involved designing websites that presented themselves as multilayer investment platforms utilising cryptocurrency. These platforms were constructed to allow users to open accounts and convert Vietnamese dong into various digital tokens, specifically USDT and Ethereum. These tokens were then transferred to e-wallets, which served as the medium for engaging in online gambling activities, a practice that is illegal in Vietnam.
Recruitment Through Social Media and Commission Incentives

To expand its user base, the ring employed a recruitment strategy that leveraged social media platforms, particularly Telegram. Several individuals within the network were incentivised with commissions for successfully luring other potential gamblers to join the network. This method of incentivised recruitment played a significant role in the network's growth, contributing to its substantial user numbers.
Scale of Operations and User Engagement

The online gambling and crypto ring reached a considerable scale during its operational period. At its peak, the network had amassed 20,000 active users. These users collectively managed an extensive network of around 25 million accounts, indicating a high volume of engagement and transactional activity within the platform.
Illicit Profit Utilisation and Further Investigations

Following the dismantling of the ring, authorities discovered that illicit profits were used for various purposes, including the acquisition of real estate and luxury vehicles within Vietnam. Furthermore, investigations revealed attempts to launder cash abroad. The scale of the financial activities prompted police to open a separate money laundering investigation to trace and recover these funds.

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How did the siblings operate this transnational online gambling ring?

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