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NewsMay 21, 2026·1 min read
South Korea Busts $1B Illegal Gambling Ring, 13 Arrested
A criminal syndicate from South Korea operated four illegal gambling websites from April 2020 to January 2025. The group processed approximately $862 million in transactions, earning $50 million from the illegal gambling.
13 people, including the suspected ringleader, were arrested and charged by law enforcement. The suspected ringleader, a man in his 40s, identified with the alias Mr. A, was placed under arrest. The criminal group used servers located in Vietnam to operate the illegal gambling websites.
Law enforcement seized assets, ill-gained funds of more than $50m. The investigation of law enforcement estimated that the four illegal gambling websites processed approximately 1.3 trillion Korean won ($861.8m). Processing those transactions, the criminal group earned a whopping 75.4 billion Korean won, or $50.0m.
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