ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

cyptouser6 months agoCryptocurrencies News99
55966e89>

Dutch authorities arrested a man suspected of being involved with the scam surrounding the ZKasino online gambling platform.

The Fiscal Information and Investigation Service (FIOD) arrested the 26-year-old on April 29, who is suspected of fraud, embezzlement and money laundering.

The Dutch authorities seized over 11.4 million euros ($12.2 million) worth of crypto, real estate, and luxury cars, according to a May 3 report by FIOD.

This marks the first arrest in the Zkasino fraud case, where investors lost at least $33 million worth of digital assets. The platform initially promised users their investment back within 30 days, however, the smart contract suggests that the platform never intended to return the funds, according to Dutch authorities.

The suspect’s detention was extended for 14 more days for investigative purposes.

Related: Friend​.tech v2 airdrop could introduce nontransferable token

This is a developing story, and further information will be added as it becomes available.

The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other issues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.

related articles

FinCEN commends Coinbase for its contributions in major criminal case

The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury recently ackn...

California to limit Bitcoin ATM transactions to $1,000 per day to combat fraud

California is taking steps to crack down on scams exploiting Bitcoin ATMs to defraud victims out of...

Memecoin team connected to GCR hack, reveals ZachXBT

Memecoin team connected to GCR hack, reveals ZachXBT

55966e89˃An investigation has linked the team behind a newly launched memecoin to the recent hack of...

Sam Altman to join new Microsoft AI research team as Twitch founder takes over OpenAI

Former OpenAI CEO Sam Altman will join Microsoft to lead a new advanced AI research team, according...

Why are top Bitcoin traders bullish despite BTC price dip to $64.3K?

Why are top Bitcoin traders bullish despite BTC price dip to $64.3K?

55966e89˃On June 18, Bitcoin's (BTC) price tumbled 5.6% over the course of the day to $64,300, reach...

Arbitrum DEXs daily transaction volume eclipse Ethereum, Solana

Arbitrum DEXs daily transaction volume eclipse Ethereum, Solana

Decentralized exchanges (DEX) transaction volume on Arbitrum, a layer2 network, surpassed that of Et...