BBC News reported that authorities in Egypt, working with the Alliance for Creativity and Entertainment (ACE), have shut down Streameast, the world’s most visited illegal sports streaming platform.

The site drew over 1.6 billion visits in the past year by offering pirated streams of events like Premier League matches and Formula 1 races. Two suspects were arrested near Cairo, and investigators found a UAE-based shell company allegedly used to launder £4.9 million in advertising revenue.

The DX Brief

  • 1.6 billion visits to Streameast
  • Two arrests in Egypt; cash, crypto, and devices seized
  • £4.9 million allegedly laundered through UAE shell company
  • Sports media rights valued at over $60B globally
  • Analysts warn high prices still fuel piracy demand
CLICK HERE TO GET THE DALLAS EXPRESS APP

If you want to read the full article, visit BBC News.