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Dutch Authorities Bust Alleged Gambling Platform Scam, Seize Millions

Published 05/03/2024, 10:22 PM
Updated 05/03/2024, 10:45 PM
Dutch Authorities Bust Alleged Gambling Platform Scam, Seize Millions
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  • Dutch authorities arrest suspects in alleged $30M crypto scam on Zkasino platform
  • The ZKasino platform is said to have promised high returns but was designed to fail.
  • The FIOD seized €11.4M in crypto, real estate & a luxury car linked to the suspect.

Dutch authorities, the Fiscal Information and Investigation Service (FIOD) has cracked down on a large-scale online gambling platform scam on April 29th, 2024. They arrested a 26-year-old man suspected of fraud, embezzlement and money laundering in connection with ZKasino which is the platform at the center of the investigation.

The investigation revealed a concerning pattern. Over $30 million USD in cryptocurrency had been invested by victims worldwide on ZKasino. The platform allegedly promised high returns within a short timeframe of 30 days.

However, a technical analysis of the pl…

The post Dutch Authorities Bust Alleged Gambling Platform Scam, Seize Millions appeared first on Coin Edition.

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