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BTCC / BTCC Square / Global Cryptocurrency /
Former Goldman Sachs Executive Arrested for Alleged Crypto Casino Fraud

Former Goldman Sachs Executive Arrested for Alleged Crypto Casino Fraud

Author:
Global Cryptocurrency
Published:
2025-04-17 17:47:18
19
2
Former Wall Street executive Richard Kim has been arrested and charged with wire fraud and securities fraud for allegedly misappropriating over $4 million from investors in a blockchain-based online casino startup called ZeroEdge. According to an affidavit, Kim, who was previously COO of global foreign exchange and emerging markets trading at Goldman Sachs and J.P. Morgan, launched Zero Edge in March 2024. He marketed the company as a crypto-powered casino featuring on-chain games, a virtual currency called “FAITH,” and a tradeable token dubbed “$RNG.” From March to June 2024, Kim raised approximately $4.3 million through a seed financing round and token sales.

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