HomeNewsFocusMalaysia Seizes $323K Crypto in World Cup Betting Bust

Malaysia Seizes $323K Crypto in World Cup Betting Bust

Malaysian police have dismantled an alleged online betting syndicate linked to the 2026 FIFA World Cup. They arrested 11 suspects and seized more than $323,000 in cryptocurrency during a raid in Kuala Lumpur.

The operation was carried out on July 9 by officers from the Kuala Lumpur police’s D7 anti-vice division at an office in Taman Desa. Investigators believe this office served as the syndicate’s operational hub.

Crypto and Cash Seized

According to Kuala Lumpur police chief Datuk Fadil Marsus, the operation was allegedly masterminded by a Canadian national. It targeted bettors in South Korea, Japan, and Hong Kong.

Police seized cryptocurrency valued at approximately $323,380, believed to represent wagers placed on four FIFA World Cup 2026 semi-final matches. Officers also confiscated MYR18,817 ($4,400) in cash.

Eleven Arrested

Authorities arrested six South Korean men, three Malaysian men, and two Malaysian women. One of the Malaysian women is suspected of managing the office and helping promote the illegal betting operation.

Investigators believe the syndicate rented the office about six months ago. However, it only began actively operating three months ago in an apparent attempt to avoid detection.

World Cup Enforcement Continues

All suspects are being investigated under Section 4(1)(e) of Malaysia’s Common Gaming Houses Act 1953.

Police said they will continue targeting illegal betting syndicates during major sporting events. This is because demand for sports wagering typically rises during tournaments such as the FIFA World Cup.

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