The launch of ZKasino, a new decentralized gambling platform, has sparked widespread controversy and allegations of fraud. Over the weekend, the platform went live and immediately faced backlash for redirecting $33 million in Ether, which was initially promised to investors for redemption at launch, to Lido Finance without investor consent. This move led to accusations of an exit scam, particularly after the official Telegram channel of ZKasino was deleted and the founder reportedly vanished. Various entities, including Big Brain and BlackDragon_io, have distanced themselves from ZKasino, citing previous concerns during their due diligence processes. The situation has escalated with investors and observers labeling the incident as one of the most blatant crypto exit scams of the year. Hundreds have taken to social media to allege that the project was a scam, and the $30 million in Ether is still staked in Lido, earning yield.
The $30m ETH rugpull by ZKCasino is still staked in Lido earning yield. https://t.co/N3MTSY5ihI @Derivatives_Ape @ZKasino_io #scam
ZKASINO ALLEGED TO BE A SCAM AFTER IT MOVES $33M OF USER DEPOSITS TO LIDO ZKasino’s launch was met with backlash after the platform moved $33M of user funds to Lido. Hundreds took to X to allege that the project was an exit scam. In March, the gambling platform announced that… https://t.co/UacU8iF1AJ
Regarding recent drama with @ZKasino_io who scammed their investors for $35M - we wanted to invest some months ago, but skipped due to ZKasino team going nuts while we were doing basic due dilligence to protect our members and investors. Check the screenshots below between our… https://t.co/q20HqOInvs
.@ZKasino_io went live over the weekend, but the launch was met with dismay as the $ETH that was bridged to the platform to earn rewards has now been sent to @LidoFinance. https://t.co/YUBvjJNu17
The house always wins and @ZKasino_io hit the jackpot, making off with a $33 million rug over the weekend. This rug eventually unraveled into one of the biggest and most obvious crypto exit scams of the year. Rekt Investigates. https://t.co/mdASWOGt9m
DeFi investors are seething after gambling platform @ZKasino_io converted $33 million of its users' ETH into its native token without their consent. Read more: https://t.co/99I6BUow7y https://t.co/iH9RPVA61Q
JUST IN: OFFICIAL TELEGRAM OF @ZKASINO_IO DELETED AFTER RAISING $33M, FOUNDER HAS "VANISHED"
JUST IN: OFFICIAL TELEGRAM OF @ZKCASINO DELETED AFTER RAISING $33M, FOUNDER HAS "VANISHED"
ZKasino $30M ‘favor’ to users — seamless transition or rug pull? https://t.co/xrBhYknxpg
.@ZKasino_io went live over the weekend, but the launch was met with dismay as the $ETH that was bridged to the platform to earn rewards has now been sent to @LidoFinance. Reporting by @oknightcrypto. https://t.co/TpXGtxf29g
ZKASINO FACES BACKLASH AS $33M IN ETHER REDIRECTED WITHOUT INVESTOR CONSENT - ZKasino, the new decentralized gambling protocol, triggered investor outrage by diverging from initial promises. - Instead of allowing the redemption of bridged ether at launch, over $33 million was… https://t.co/FrJt2MrqGp https://t.co/MGeFVrs5Ng
UPDATE: ZKASINO DECENTRALIZED GAMBLING PROTOCOL SPARKS CONTROVERSY AFTER $33 MILLION PROMISED TO INVESTORS IS SENT TO LIDO
Big Brain says it never invested in ZKasino following scam allegations https://t.co/cKgQznOK6m
What happened with ZKasino?
ZKasino launch leads to widespread outrage as $33 million promised to investors is sent to Lido https://t.co/l0nBdONlXs