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**Major Seizure of $12 Million in Crypto from ZKasino Rug Pull Suspect**

May 4, 2024

Allegations have been made against blockchain casino and gambling platform ZKasino for a rug pull, leading to investors losing money. A suspect has been apprehended by Dutch officials in connection with the scam, resulting in the seizure of more than $12 million. Despite the accusations, ZKasino continued to provide updates until it suddenly disappeared.

The Fiscal Information and Investigation Service of the Netherlands (FIOD) disclosed that a 26-year-old individual was taken into custody for their involvement in the ZKasino rug pull. Investigation began on April 25 after reports emerged from the online crypto community and intelligence gathered by FIOD's departments. Binance's Financial Crime Compliance team collaborated with FIOD during the probe and helped safeguard millions of euros worth of cryptocurrencies.

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