The Netherlands’ Fiscal Info and Investigation Service (FIOD) introduced the arrest of a 26-year-old suspected to be concerned within the ZKasino decentralized playing platform rip-off.
In the meantime, speculations inside the crypto group counsel that the arrested individual might doubtlessly be the pseudonymous founding father of the platform referred to as Derivatives Monke.
Asset seizures
Within the wake of the arrest, Dutch authorities revealed the seizure of belongings, together with digital belongings, actual property, and luxurious automobiles, value round 11.4 million euros ($12.2 million).
In the meantime, this arrest indicators a pivotal improvement within the ZKasino fraud case, through which buyers suffered losses exceeding $33 million in Ethereum. The platform initially pledged a 30-day funding return assure however later diverted customers’ ETH to the Ethereum-based liquid staking protocol Lido.
In response to Dutch authorities, the platform’s good contract configuration strongly indicated that it didn’t intend to refund the funds.
FIOD added:
“Through the investigation the FIOD labored intently with employees from the Monetary Crime Compliance and Investigations Staff of cryptocurrency change Binance, which helped safe thousands and thousands of euros in cryptocurrencies.”
Concurrently, Dutch authorities assured the stolen funds could be restituted to the victims. Nevertheless, they underscored the significance of sufferer cooperation and inspired the sharing of any pertinent info to help ongoing investigations.
Group celebrates
Members of the crypto group on social media platform X (previously Twitter) have expressed satisfaction with information of the arrest, viewing it as a big stride in the direction of recovering their funds and attaining justice.
Concurrently, the perusal of a chat group established by ZKasino victims confirmed a collective willingness to collaborate with legislation enforcement businesses. Notably, they’re already anticipating that the authorities would safe the arrest of different culprits.
A consumer recognized as Pursuit of Revenue on Telegram mentioned.
“The Dutch intelligence service are monsters! The perfect on the market, now that they acquired him in custody and seized his digital gadgets, they may find each considered one of them concerned within the rip-off based mostly on digital footprints from communications and many others. Simply look forward to it.”
