Interesting to read... always be extremely careful what we invest in! đ
Binance helped catch the person behind ZKasino, a platform that defrauded a lot of investors.
By understanding how crypto transactions work and using publicly available information, Binance's investigative team identified the person responsible for the scam.
This led to the arrest of the 26-year-old suspect on April 29 by the Fiscal Intelligence and Investigation Service (FIOD), seizing over âŹ11.4 million in crypto, real estate and luxury cars.
ZKasino has caused many people to lose money.
It is the first arrest in the ZKasino fraud case, where investors lost at least $33 million in crypto.
The platform initially promised users a return on investment within 30 days.
However, according to Dutch authorities, the smart contract suggests that the platform never intended to return the funds.
Even after the arrest of the main suspect, the stolen funds continued to be moved, suggesting that several other people may be involved.
It appears that Binance and the authorities are continuing to work together to recover the lost funds and bring those responsible for the scam to justice.
https://cointelegraph.com/news/binance-leads-arrest-zkasino-scam
