Police in Vietnam detained 59 people linked to a cryptocurrency gambling ring in what was seen to be the city’s biggest-ever illegal online gambling ring, with transactions totaling more than $3.8 billion, not including the reciprocal money from the dealers. The suspects have admitted to the police their involvement in organizing the online gambling site and have had their items confiscated. These items include 40 laptops, 79 mobile phones, ATM cards, luxury cars, and cash worth over 2.9 billion dongs ($130,000), according to state media on Dec. 3. Ho Chi Minh City police said players were enticed with luxury cars and insurance packages that guaranteed a refund if they lost six games. Gamblers were asked to purchase cryptocurrencies, such as Ethereum or USDT—also known as Tether—from a crypto marketplace called Remitano before placing bets on websites like Swiftonline and Nagaclubs.com. The platform organizers would receive commissions from the platforms for …