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How Binance played a key role in arrest of ZKasino scam suspect

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Binance’s investigations team aided law enforcement in arresting the ZKasino scam suspect, seizing $12.2M in assets. On-chain forensics uncovered the $33M digital asset fraud.

The on-chain investigations team behind Binance, the world’s largest cryptocurrency exchange, played a key role in leading law enforcement to theWidespread community outrage first prompted Binance’s Crime Compliance and Investigations team to inquire into the fraudulent gambling platform.

After identifying the suspect behind the smart contracts, Binance alerted law enforcement of the identity of the account holder who committed the fraud. Together with law enforcement, we located the account of one of the suspects. We could act on that as they sent us a seizure warrant… so that way they were able to recover funds. But the main part of this ZKasino case is still at large.

Crypto investors, including popular crypto analyst FatMan, have suspected that the scammer behind the rug pull was pseudonymous ZKasino builder Derivatives Ape, which Binance also confirmed to Cointelegraph.

Source: Law Daily Report (lawdailyreport.net)

 

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