ZKasino Accused of $32 Million Ethereum Rug Pull

Saturday, 20 April 2024, 22:00

The post delves into the controversy surrounding ZKasino, a decentralized gambling network, accused of diverting funds and making false promises, putting $32 million worth of Ethereum at risk. ZigZag Exchange's accusations have stirred community concerns over potential misconduct by ZKasino developers. The unfolding saga highlights the repercussions of alleged rug pull scenarios in the crypto space, affecting investor confidence and platform credibility.

https://store.livarava.com/a8b56cad-ff66-11ee-a6bf-63e1980711b2.png — ZKasino Accused of $32 Million Ethereum Rug Pull

ZKasino Rug Pull Scandal: $32 Million Ethereum at Risk

Accusations from ZigZag regarding diverted funds and false promises have led to widespread community concerns over ZKasino's platform.

ZKasino Accused of $32 Million Ethereum Rug Pull

The platform troubles began last month after decentralized P2P order book exchange ZigZag Exchange laid various accusations against ZKasino, including the diversion of project funds to personal use.
ZigZag alleges that ZKasino founders misused ZigZag Treasury funds and failed to fulfill financial commitments.
The backlash intensified as ZKasino reneged on assurances to return bridged Ethereum, sparking doubts about the project's integrity.

While ZKasino dismisses these concerns as FUD, the controversy has prompted exchanges like MEXC to halt token listings to protect user interests, underscoring the potential risks associated with unverified crypto projects.

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