Recent Developments Regarding the ZKAS Project, Which Allegedly Disappeared With All User Funds Recently
Today, there are new developments regarding the ZKasino (ZKAS) project and its altcoin, which was scheduled to launch yesterday but was canceled by the MEXC exchange with the announcement that users could not withdraw their funds.
The inability to withdraw funds mentioned is originating from the native platform of ZKasino and there is no problem with withdrawing other altcoins on the MEXC exchange.
The MEXC exchange, has officially spoken to the Chinese media and stated that they were only involved in the project as an investor and they are also a victim.
According to today’s onchain data, it appears that the ZKasino team transferred 10,515 ETH ($33.18 million) that was deposited into the ZKasino platform via the user bridge to Lido Finance. The reward earned by staking ETH on Lido Finance.
In a previous post, ZKasino announced the completion of a $350 million Series A funding round with the participation of MEXC, Big Brain Holdings, Trading_axe, Pentoshi, and Sisyphus.
However, some investors have exposed the fact that some of the names mentioned by ZKasino did not actually participate in this funding round and this is fake news.
More notably, the cryptocurrency platform ZigZag, has made a statement that the Zkasino group are scammers.
