Dutch Authorities Arrest Suspect in ZKasino Online Gaming Fraud, Seize Millions in Assets
Summary:
A 26-year-old man has been arrested by Dutch authorities in connection to the ZKasino online gaming fraud case, where investors lost at least $33 million worth of digital assets. The suspect is charged with money laundering, embezzlement, and fraud. Assets worth over 11.4 million Euro, including cryptocurrency, luxury vehicles and real estate have been seized. The investigation is ongoing.
Authorities in the Netherlands have apprehended a man believed to have ties to the scandal linked to the ZKasino online gaming site. The suspect, a 26-year-old man, was arrested on the 29th of April by the Fiscal Information and Investigation Service (FIOD) on the grounds of money laundering, embezzlement, and fraud. A FIOD report dated May 3 revealed that Dutch officials confiscated assets worth over 11.4 million Euro ($12.2 million) - comprising of cryptocurrency, luxury vehicles, and real estate. This arrest is the initial development in the ZKasino scam investigation, where digital investments amounting to a minimum of $33 million were lost. While the platform had guaranteed its users a return on their investments within a month, the Dutch officials found the smart contract suggesting that the gaming site never planned to refund the contributed funds. The suspect will face 14 more days of detention to facilitate further investigations. This is an unfolding event, and we'll keep you posted with additional details as they come to light.
Published At
5/3/2024 11:58:28 AM
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