ZKasino rug pull suspect detained in Netherlands

Netherlands
officials
announced
the
arrest
of
a
suspect
in
fraud,
embezzlement,
and
money
laundering
of
the
gaming
platform
ZKasino.

The
Fiscal
Information
and
Investigation
Service
(FIOD)
statement

said
that
the
man,
whose
name
was
not
released,
would
remain
in
custody
for
14
days
in
the
Netherlands
for
investigative
purposes.

The
agency
clarified
that
the
detainee
may
be
involved
in
a large-scale
scam related
to
the
rug
pull
of
the
ZKasino
project.
Numerous
complaints
led
to
an
investigation
into
the
case,
which
began
on
April
25.

The
statement
said
that
FIOD
worked
closely
with
the
Financial
Crimes
Authority
and
the

Binance
crypto
exchange
team
during
the
investigation. The
investigative
team,
together
with the prosecutor’s office, identified
those
who
participated
in
the

rug
pull
project.

During
the
arrest,
law
enforcement
agencies
confiscated
digital
assets,
real
estate,
and
a
luxury
car
worth
$12.2
million.
The
department
did
not
rule
out new
arrests in
this
case.

ZKasino

was
suspected
of
a
rug
pull
after
user
funds
amounting
to
more
than
$32
million
were
transferred
to
unknown
wallets.
After
that,
the
team
closed
the

Telegram
group
and
stopped
responding
to
messages.

In
connection
with
the
incident,
the

MEXC
crypto
exchange
canceled
the
listing
of
the
native
token
of
the
ZKAS
project,
and
the
Ape
Terminal
platform
canceled
the
IDO.

One
of
the
purported
investors,
Big
Brain,
later
denied its
participation in
the
funding
round.
In
turn,
the
MEXC
platform
stated
that
it
was
a
victim
of
the
incident.