According to Foresight News, the Netherlands Financial Intelligence and Investigation Service (FIOD) arrested a 26-year-old man on suspicion of fraud, misappropriation of funds and money laundering on April 29. The platform involved is ZKasino, which is suspected of defrauding victims around the world of more than $30 million in cryptocurrency investments.
The investigation team searched a house and seized more than 11.4 million euros in assets, including real estate, luxury cars and multiple cryptocurrencies. The suspect was detained for an additional 14 days and the investigation is still ongoing.
