Crypto Casino Founder Richard Kim Arrested for Fraud
Richard Kim, the founder of a crypto casino called Zero Edge, was arrested on Tuesday after being accused of losing millions of dollars that investors had given him.
According to a complaint filed by the FBI in the Southern District of New York, Kim fraudulently convinced investors to put money into his company, promising to build a groundbreaking crypto casino that would offer fair and transparent gameplay.
Rather than invest the money in the business, he allegedly lost nearly all of the $7 million he raised on risky crypto trades and gambling on online websites.
Kim has a background in high-profile financial jobs. He once worked at Galaxy Digital, a crypto investment company headed by Michael Novogratz, and was in senior trading jobs…
