Crypto Platform Exec Arrested for Allegedly Misusing $7 Million in Investor Funds

Richard Kim, former executive at Galaxy Digital and founder of crypto gambling platform Zero Edge, has been arrested on charges of securities and wire fraud. Authorities allege that he misappropriated nearly $7 million in investor capital intended to build the platform. Instead of safeguarding the funds, Kim allegedly used them for personal expenses and high-stakes gambling, violating promises made to investors about asset security and project development.