According to ZachXBT, Zkasino conducted a presale raising over $30 million from the community, but instead of following their project roadmap, the funds were allegedly embezzled. This triggered a law enforcement response: in late April 2024, Dutch authorities (FIOD) arrested Elham Nourzai (@Derivatives_Ape) and seized related assets. This high-profile incident has heightened investor caution across crypto presales and is likely to influence due diligence practices and risk assessments for similar token launches. Source: ZachXBT via Twitter, June 16, 2025.

According to Justin Sun, a meeting with Hong Kong Legislative Council member Johnny Wu resulted in the reporting of an embezzlement case involving nearly $500 million of client reserve funds by First Digital Trust (FDT). Relevant materials have been submitted to regulatory and judicial authorities, highlighting significant implications for FDT's operational integrity and potential market impacts.