Richard Kim, founder of the cryptocurrency casino Zero Edge, was arrested for stealing $4.3 million from investors. Authorities say Kim promised to build a unique crypto gambling platform but instead lost the money on risky crypto trades and online betting.
Kim later admitted to a gambling addiction and poor decisions, calling his actions “reckless.” Investors, who trusted him to grow their funds, now face total losses.
This case highlights the dangers of crypto scams and addiction-driven fraud. How can investors avoid similar traps?
