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Crypto Casino Founder Arrested for $7 Million Fraud

4/18/2025

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Summary

Story summary

Richard Kim, the founder of the defunct crypto casino Zero Edge, has been arrested for allegedly swindling over $7 million from investors. After losing money through reckless trades and gambling, he blamed a phishing scam for his addiction. Now facing serious wire and securities fraud charges, Kim has been released on a $250,000 bond.

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Story summary

Richard Kim, the founder of the defunct crypto casino Zero Edge, has been arrested for allegedly swindling over $7 million from investors. After losing money through reckless trades and gambling, he blamed a phishing scam for his addiction. Now facing serious wire and securities fraud charges, Kim has been released on a $250,000 bond.