ZKasino Fraud Suspect Arrested, $12.2 Million Assets Seized
Key Takeaways
- Dutch authorities have arrested a 26-year-old suspect in connection with the ZKasino gambling scam that resulted in the seizure of more than $12 million in assets.
- ZKasino promised quick returns on investment but failed to deliver, raising suspicions among investors.
- The suspect was charged with fraud, embezzlement, and money laundering.
Dutch authorities A 26-year-old man has been arrested on suspicion of ZKasino online gambling fraud.
The Financial Intelligence Unit (FIOD) arrested him on April 29 following an investigation. The scheme allegedly defrauded investors of at least $33 million.
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Law enforcement during arrest process More than 11.4 million euros (about $12.2 million) worth of assets were seized. These include cryptocurrencies, real estate, luxury vehicles, and more.
The suspect is currently experiencing They are accused of fraud, embezzlement, and money laundering. His identity has not been released as the investigation is ongoing.
ZKasino was promoted to: Blockchain-based gambling platform, It attracts deposits of over 10,515 Ether with a promise of return within 30 days. However, after failing to deliver on these promises, the platform soon aroused suspicion.
After the facts came to light, red flags were raised. All Ether amounts have been transferred to the Lido staking protocol. Users also noted: A statement guaranteeing the return of deposited Ethereum has been removed from the ZKasino website.
The situation escalated further with the advent of ZKasino. Announces securing $350 million in Series A funding We receive support from famous companies. However, one of these known investors, Big Brain VC, has officially refused any intervention They explained that there is a possibility of fraud related to the platform.
The case continues to unfold as Dutch authorities look deeper into the investigation. Suspect held for 14 more days To gather more evidence.
In other news, ‘Bitcoin Jesus’ Roger Ver was arrested on charges of tax evasion and mail fraud.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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