- 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.
According FIOD, on April 29, they arrested a 26-year-old man suspected of fraud, embezzlement, and money laundering. Assets worth over 11.4 million euros were seized, with the involved platform being ZKasino. ZKasino is a crypto betting platform. Before it removed the statement…— Wu Blockchain (@WuBlockchain) May 3, 2024
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…
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