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The Netherlands’ Fiscal Information and Investigation Service (FIOD) Makes Arrest in ZKasino Gambling Scam
The Netherlands’ Fiscal Information and Investigation Service (FIOD) recently made a significant announcement regarding the arrest of a 26-year-old individual suspected to be involved in the ZKasino decentralized gambling platform scam. Speculations within the crypto community have surfaced suggesting that the arrested person may potentially be the pseudonymous founder of the platform known as Derivatives Monke.
Asset Seizures
Following the arrest, Dutch authorities disclosed the seizure of assets amounting to approximately 11.4 million euros ($12.2 million), including digital assets, real estate, and luxury vehicles. This development marks a crucial turning point in the ZKasino fraud case, where investors faced losses exceeding $33 million in Ethereum. Initially, the platform promised a 30-day investment return guarantee but later redirected users’ ETH to the Ethereum-based liquid staking protocol Lido.
Dutch authorities highlighted that the smart contract configuration of the platform strongly suggested that there was no intention to reimburse the funds. In the course of the investigation, FIOD collaborated closely with the Financial Crime Compliance and Investigations Team of the cryptocurrency exchange Binance, resulting in the recovery of millions of euros in cryptocurrencies.
“During the investigation, the FIOD worked closely with staff from the Financial Crime Compliance and Investigations Team of cryptocurrency exchange Binance, which helped secure millions of euros in cryptocurrencies.”
Simultaneously, Dutch authorities reassured that the stolen funds would be returned to the victims, emphasizing the importance of victim cooperation and the sharing of relevant information to aid ongoing investigations.
Community Response
Members of the crypto community on the social media platform X (formerly Twitter) have expressed satisfaction upon learning about the arrest, viewing it as a significant step towards recovering their funds and achieving justice. Additionally, a chat group formed by ZKasino victims showcased a collective willingness to collaborate with law enforcement agencies, with expectations running high for the arrest of other individuals involved in the scam.
A user identified as Pursuit of Profit on Telegram shared:
“The Dutch intelligence service are monsters! The best out there, now that they got him in custody and seized his electronic devices, they will locate every one of them involved in the scam based on digital footprints from communications, etc. Just wait for it.”
Overall, the arrest in connection with the ZKasino decentralized gambling platform scam marks a significant milestone in the pursuit of justice for victims and sends a strong message regarding the accountability of fraudulent activities within the crypto space.
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