Binance assisted the Dutch
authorities in an investigation that led to seizure millions of euros worth of
assets and the arrest of a 26-year old man in suspected online fraud, NOS
reported.
Luxury Cars and Cryptocurrency Seized
Dutch authorities, alongside the tax investigation
service FIOD, seized assets totaling 11.4 million euros, including a luxury car
and cryptocurrency holdings, in connection with the investigation. The saga
involve a multi-million euro scam through an online platform ZKasino.
The cryptocurrency exchange mentioned on X: “Binance is
proud to have supported Dutch authorities in the investigation of a gambling
exit scam. Our Investigations team helped lead the recovery of millions of
euros.”
#Binance is proud to have supported Dutch authorities in the investigation of a gambling exit scam. Our Investigations team helped lead the recovery of millions of euros.Find out more in this article from the national Dutch news outlet, NOS 👇https://t.co/61jqNcCrzN
— Binance (@binance) May 3, 2024
The suspect is suspected of being involves in an
online platform for monetary deposits. ZKasino promised investors lucrative
returns within 30 days, Fiscal Information and Investigation Service mentioned.
The scale of the alleged fraud is massive, with over $30 million allegedly
channeled to ZKasino globally.
The investigation, triggered by information sourced
from various channels, including Binance, commenced following concerns raised
about ZKasino’s operations. Collaboration between the FIOD and a division of
the cryptocurrency exchange Binance proved useful in securing millions of euros
in crypto assets. However, the possibility of recovering all funds remains
uncertain.
Seeking Recourse for Victims
While the FIOD holds out hope for restitution, it
emphasized the need for cooperation from those involved in the scam. FIOD urged
victims seeking to reclaim lost investments to engage with authorities.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
