HCMC – The police, in coordination with MoMo E-Wallet, have busted a major online gambling ring with new tricks based on transaction codes of the e-wallet, according to the Ministry of Information and Communications.

The ring set up, operated and administered a gambling website using thousands of MoMo accounts and having around 50,000 transactions a day with a total amount of up to VND3-4 billion.

The gamblers only need to use their MoMo accounts to send money to one of the MoMo accounts provided by the website, selecting one of the transfer contents as guided by the organizers. If the last digit of the transaction code coincided with their contents, the gamblers would win the game. Otherwise, the gamblers would lose their money.

In December, MoMo coordinated with the police to detect accounts with suspicious transactions.