How Binance played a key role in arrest of ZKasino scam suspect

Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers.

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ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.

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Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets

The Netherlands’ Fiscal Information and Investigation Service (FIOD) announced the arrest of a 26-year-old suspected to be involved in the ZKasino decentralized gambling platform scam. Meanwhile, speculations within the crypto community suggest that the arrested person could potentially be the pseudonymous founder of the platform known as Derivatives Monke. Asset seizures In the wake of […]

The post Dutch authorities arrest suspect in ZKasino gambling scam, seize $12.2 million in assets appeared first on CryptoSlate.

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ZKasino founder arrested in Netherlands and over $11 million seized

The FIOD arrests a man linked to the ZKasino scam, seizing over 11 million euros in assets and securing victim funds with Binance's help.

The post ZKasino founder arrested in Netherlands and over $11 million seized appeared first on Crypto Briefing.

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ZKasino scammers risky Ethereum trade backfires with $27M loss amid market turmoil

The alleged scammer behind the ZKasino rug pull has reportedly lost over $27 million in a high-risk Ethereum trade as crypto market turbulence continues to catch overleveraged traders. On April 7, blockchain analytics platform Onchain Lens revealed that the scammer had exited a 20x leveraged long position on ETH using the Hyperliquid trading platform. The […]

The post ZKasino scammer’s risky Ethereum trade backfires with $27M loss amid market turmoil appeared first on CryptoSlate.

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ZKasino Scammer Loses $27 Million Due to Ethereum Price Plummet

A fraudster associated with the ZKasino scam has suffered a substantial financial loss amounting to $27 million following liquidation proceedings. The individual’s nefarious activities have caught up with them, resulting in severe consequences. This incident serves as a cautionary tale for those engaging in deceptive schemes within the cryptocurrency space. The repercussions of engaging in [...]

The post ZKasino Scammer Loses $27 Million Due to Ethereum Price Plummet appeared first on Crypto Breaking News.

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Vitalik Buterin addresses ZKasinos misuse of zero-knowledge in $33M scam

Ethereum co-founder Vitalik Buterin said the issues with ZKasino were evidence that the term “Zero-Knowledge (ZK)” has gained enough prominence in the industry to attract misuse by fraudulent actors. Buterin’s comment followed revelations that the blockchain-based gambling platform rugged its users resulting in the loss of roughly $33 million worth of Ethereum (ETH). According to […]

The post Vitalik Buterin addresses ZKasino’s misuse of ‘zero-knowledge’ in $33M scam appeared first on CryptoSlate.

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