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Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds

Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-17 16:20:02
0
Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint, Kim fraudulently induced investors to invest in Zero Edge and then misappropriated millions of dollars in those investors’ funds. The FBI said Kim lost 3.8 million of his investors’ funds and charged him with securities fraud and wire fraud. Kim posted a secured bond of $250,000 and put up $100,000 in cash or real property to secure it.
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