Dutch authorities apprehend suspect in ZKasino scam; seize $12.2M

A man suspected of participating in the ZKasino online gambling platform scam has been arrested by Dutch authorities. The 26-year-old individual, who is believed to be involved in fraud, embezzlement, and money laundering, was apprehended by the Fiscal Information and Investigation Service (FIOD) on April 29. The FIOD’s report on May 3 revealed that Dutch authorities confiscated more than 11.4 million euros ($12.2 million) in cryptocurrency, real estate, and luxury cars. This arrest is the first in connection with the ZKasino fraud case, which resulted in investors losing at least $33 million in digital assets. According to Dutch authorities, the platform initially promised users a return on their investment within 30 days, but the smart contract indicated that the funds were never intended to be returned. The suspect’s detention has been extended for an additional 14 days to facilitate further investigation.