The encrypted gambling platform ZKasino launched a reward event for bridging ETH to earn its own token $ZKAS in the middle of last month, attracting more than 10,000 people to participate. However, the bridging function was indeed discovered on the 18th last week (currently the website cannot be opened) The sentence "Ethereum will be returned and can be bridged back" in Bridge funds was deleted, making the community wonder whether the project team ran away?
Extended reading: Crypto gambling platform ZKasino’s “suspected Rug roll” triggered panic! More than 10,000 people were victimized, attracting nearly 32 million ETH.
Big Brain Holdings says it has not invested, MEXC: We are also victims
After news broke that ZKasino was suspected of being a Rug, Big Brain Holdings, which had participated in ZKasino’s Series A financing, also tweeted on social media:
Big Brain Holdings invested in the @zigzagexchange project in 2022 and subsequently caused us financial losses. Some of the former founders of the project are now part of the @ZKasino_io team, which appears to be a fraud.
We have never invested in ZKasino but were offered prorated tokens that we did not receive and would not choose to accept.
However, the community did not buy this statement, and criticized Big Brain Holdings for adopting an attitude of "not denying it beforehand, but not admitting it afterwards" towards ZKasino's financing.
On the other hand, according to TechFlow reports , MEXC, which is also ZKasino’s Series A financing institution, also stated:
"We are just one of the investors. The behavior of the project side has nothing to do with us. As investors, we are also victims."
10,515 ETH are deposited into Lido and pledged to earn interest.
In addition, according to on-chain analyst Ember's monitoring , ZKasino has transferred the 10,515 ETH that users bridged and deposited into ZKasino to a multi-signature address, and then deposited it into Lido for staking to earn interest. On the other hand, ZKasino seems to have modified the official website description and forcibly replaced the ETH deposited by users with the project’s platform currency.
The founder of ZKasino tweeted: Continue to build
In response to various doubts, Derivatives Monkey, the founder of ZKasino, quoted ZKasino's post last night (21st) and said: "Continue to build", but there was no response. The angry community threatened to make him pay and go to jail...
