📢Big news in the blockchain industry again! The Netherlands Fiscal Information and Investigations Office (FIOD) arrested a 26-year-old man on April 29 for large-scale fraud, embezzlement and money laundering on the gambling platform ZKasino. Victims around the world invested more than $30 million in cryptocurrency on the platform, which is staggering. 👮‍♀️

The Dutch authorities seized property worth more than 11.4 million euros (about $12.2 million), including cryptocurrencies, real estate and luxury cars. During the investigation, the FIOD worked closely with the Financial Crime Compliance and Investigations team of the cryptocurrency exchange Binance to successfully protect millions of euros in cryptocurrency. 🕵️‍♂️

In addition, investors created the Telegram group "ZKasino Legal Task Force" to prosecute the co-founder of ZKasino for allegedly misappropriating nearly $33 million in Ethereum from users to exchange for its native tokens and then losing contact. At present, the issuance of ZKAS tokens is still unclear, and investors' mood can be imagined. 😟

Although this incident is regrettable, it also reminds us that investors must be cautious when investing in cryptocurrencies to avoid falling into similar scams. Let us look forward to more blockchain regulatory developments to protect the rights and interests of investors! 💪