ZKasino Accused of $32 Million Ethereum Rug Pull
Saturday, 20 April 2024, 22:00
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.