Zero Edge founder Richard Kim arrested for misappropriating investor funds for gambling

Odaily News Zero Edge founder Richard Kim was arrested for embezzling investor funds for gambling. According to the indictment filed by the FBI in the Southern District of New York on Tuesday, Kim used fraudulent means to induce investors to invest in Zero Edge, a crypto technology company he founded, and then embezzled millions of dollars of investment funds for gambling. He has now paid a $250,000 bail. (CoinDesk)