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

Dutch authorities arrested a man suspected of being involved with the scam surrounding the ZKasino online gambling platform.

The Fiscal Information and Investigation Service arrested the 26-year-old on April 29, who is suspected of fraud, embezzlement and money laundering.. 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 person currently in police custody is almost definitely @Derivatives_Ape himself, as the press release mentions a 26-year-old, and Derivatives Monke was confirmed to be a 26-year-old of Dutch citizenship.” Zkasino first presented itself as an emerging blockchain-based gambling platform, attracting deposits from investors and promising returns within a month. The platform went live on April 20, attracting over 10,515 Ether (in an X post in March to have closed a Series A investment round at a $350 million valuation with backing from crypto exchange MEXC and venture firm Big Brain Holdings, among others.

Big Brain Holdings subsequently clarified that it had not invested in ZKasino, “which appears to be fraudulent,” despite receiving a pro-rata token distribution offer from the platform.Bitcoin price is failing to break these 2 key resistance lines at $60K

Source: Car News Wire (carnewswire.net)

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