500 billion VND gambling ring busted operating via KUBET, B52 games

A transnational gambling ring's criminal group worked continuous shifts, using hundreds of bank accounts and cryptocurrency to obscure a nearly 500 billion VND money trail.

On 24/8, the Security Investigation Agency of Hung Yen Provincial Police initiated criminal proceedings against a major online gambling operation. The investigation led to the indictment of 14 defendants and the temporary detention of 6 individuals. This ring, which processed approximately 500 billion VND (Vietnamese Dong) through over 131,000 accounts, operated via the game portals "KUBET.net" and "B52.club.bid".

According to the investigation, Taiwanese suspects avoided direct involvement, instead hiring a group of Vietnamese individuals to manage all money transfers and receipts. The group communicated and received instructions via Telegram, with funds being laundered through cryptocurrency trading to prevent tracing.

Nguyen The Anh, 37, residing in Hanoi, led the Vietnamese contingent. From 9/2024 to 1/2025, his group rented a condominium on Pham Van Dong street, Hanoi, as their operational headquarters. They worked in two continuous shifts, day and night, to ensure no transactions were missed.

The ring employed 90 bank accounts across 9 different banks. To bypass multiple layers of security and make transactions appear legitimate, suspects even scanned biometric codes on these accounts.

To further evade authorities, the group utilized hundreds of intermediary accounts, continuously circulating money among them before reaching its final destination. This tactic made tracing the money trail significantly difficult.

Hung Yen Police continue to expand the investigation, verifying intermediary accounts and identifying individuals and organizations connected to the two game portals. The aim is to clarify any signs of money laundering for strict prosecution.