Dutch Arrest ZKasino Scam Suspect, Seize $12.2M

In the Netherlands, a 26-year-old man has been arrested by the Fiscal Information and Investigation Service (FIOD) in connection with a cryptocurrency scam involving the online gambling platform ZKasino. The man is suspected of fraud, embezzlement, and money laundering, and the authorities allege that investors lost at least $33 million. The FIOD executed a raid that led to the seizure of over 11.4 million euros ($12.2 million) in assets, including cryptocurrencies, real estate, and a luxury car.

The investigation into ZKasino began on April 25 after reports surfaced on platform X (formerly known as Twitter) and was supported by intelligence from the FIOD's departments. The gambling platform had been promising investors that they would receive their investments back within 30 days, a promise that, according to the smart contract, was never meant to be fulfilled. The arrest, which took place on April 29, marks a significant move in the Dutch authorities' efforts to combat cryptocurrency fraud. The suspect has been brought before a magistrate, and his detention has been extended by an additional 14 days to allow for further inquiries into the case.