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

Zoltan Vardai1 minute agoZKasino scam suspect arrested, $12.2M seized by Dutch authoritiesAuthorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest.3 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksDutch 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.

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This is a developing story, and further information will be added as it becomes available.# Cryptocurrencies# Gambling# Scams# DeFiAdd reaction