"Rug pull" incidents making a comeback?

Kamal531

Cryptocurrency also has its fair share of gambling platforms, and today we're talking about the cryptocurrency gambling platform ZKasino. Last month, this platform launched a bridging activity to earn the token $ZKAS by bridging ETH, attracting over 10,000 participants and raising over 10,500 ETH, valued at approximately $32 million. However, at this critical juncture, a series of alarming events have sparked panic within the community.

So what exactly happened? Let's dive in. Through the Wayback Machine, it can be seen that prior to April 18th, the platform's bridging website clearly stated that ETH would be refunded. However, these commitments have now been removed, leading the community to suspect the possibility of the project team absconding. Moreover, users of ZKasino's official Telegram channel have been banned by administrators, and the official social media account X stopped updating after April 16th. This series of actions has understandably fueled user dissatisfaction and panic.

Community members have been leaving comments under official posts, complaining: "Is this token a scam? I haven't received any rewards, and my ETH is still locked." "When can we get back our ETH? Is this a scam? Why isn't anyone answering questions?" Some have even bluntly asked, "Where did my ETH go?"

Well-known airdrop hunter KOL He Coin has also joined this angry protest. In attempting to contact the project team, he stated, "Old Hu (Tim Hu), what's going on now? You claimed to be one of the co-founders and recently met with the project team in Dubai. Everyone has your WeChat. What's the situation now?"

Additionally, zkSync DEX project ZigZag, which previously accused the ZKasino team of fraudulent behavior, has once again spoken out. They claim that the ZKasino team illegally misappropriated their startup capital and used some of the funds to develop the ZKasino platform. Allegedly, the founder of ZKasino was also responsible for fundraising for ZigZag, and the $15 million successfully raised for the ZigZag project flowed into the address controlled by the founder of ZKasino. In conclusion, ZKasino is currently facing numerous questions and accusations, and the community is eagerly awaiting responses and explanations from the project team.

Iravan774

Looks like the likelihood of an exit scam is high.

Pooja193

I'm not familiar with the event you mentioned.

Nimmi373

The cryptocurrency market is still too risky.