Dutch Officials Seize $12M in Crypto, Arrest ZKasino Rug Pull Suspect: A Major Blow to Cryptocurrency Fraud

• ZKasino, a blockchain casino and gambling platform, is under scrutiny for an alleged rug pull, with investors claiming their money has disappeared.
• The Dutch authorities have arrested a suspect in connection with the scam, seizing over $12 million in the process.
• Despite the allegations, ZKasino continued to post updates before disappearing from the public eye.

Investors in the crypto gambling platform ZKasino have been left high and dry after an alleged rug pull. A suspect has been arrested in the Netherlands, with over $12 million seized. Despite the allegations, ZKasino continued to update before vanishing.

Suspected Crypto Scammer Arrested

The Fiscal Information and Investigation Service of the Netherlands (FIOD) revealed that a 26-year-old man was arrested for the ZKasino rug pull. The Dutch authorities began investigating the $33 million crypto gambling platform’s scam on April 25, following online reports from the crypto community and information from FIOD’s intelligence departments. Binance’s Financial Crime Compliance team aided the FIOD during the investigation, helping secure millions of euros in cryptocurrencies.

Assets Seized in Investigation

On April 29, the FIOD arrested a man suspected of fraud, embezzlement, and money laundering. The suspect’s detention was extended to fourteen days for investigative purposes. As part of the investigation, the authorities searched the suspect’s house and confiscated around €11.4 million, wort... Read the full article for FREE at COINOTAG!