ZKasino Controversy Unfolds: What You Need to Know 🎲
Discover the latest developments surrounding the ZKasino saga and dive into the details of the contentious decisions made by the blockchain-based gambling project.
ZKasino’s Sudden Shift Sparks Outrage 💥
Learn about the abrupt transfer of $33 million from ZKasino to the staking protocol Lido, causing uproar among investors and users.
- 10,000+ users bridged over 10,515 Ether to the ZKasino network.
- Instead of returning the funds, ZKasino converted them to ZKAS tokens at a discounted rate.
- Users expressed concerns as the project deviated from its promise to return ETH.
Backtracking on Promises: ZKasino’s Explanation 🔄
Understand ZKasino’s rationale for the controversial decision and the repercussions it faced from users and the wider crypto community.
- ZKasino explained the changes as necessary for a smooth transition, citing its chain’s different operational requirements.
- Alterations on the project’s website raised suspicions among users.
- An on-chain transfer revealed the movement of all ETH to the Lido staking protocol.
VC Firm’s Allegations Against ZKasino 🕵️
Delve into the allegations brought forth by venture capital firm Big Brain and their doubts about the legitimacy of ZKasino as a project.
- Big Brain accused ZKasino of fraudulent behavior and claimed they had not received promised token distributions.
- MEXC distanced itself from ZKasino following the controversy.
- Allegations of an exit scam emerged on social media platforms against ZKasino.
Hot Take: The Fallout from ZKasino’s Actions 🌋
Reflect on the implications of ZKasino’s decisions and the ensuing backlash, as the project faces scrutiny and accusations from various stakeholders in the crypto space.
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