ZKasino Unilaterally Locks $33M of User Funds for 15 Months, Sparking Widespread Anger
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- ZKasino Launch and Controversy:
- ZKasino, a crypto project, raised $350 million in Series A funding but faced controversy.
- Users bridged over $33 million in ether to the network for $ZKAS tokens.
- Accusations of mismanagement, theft, and shady practices surfaced against the team.
- At launch, plans changed, and ether was automatically vested into $ZKAS tokens.
- Investors revolted as refunds were altered, leading to allegations of a rug pull and cancellations by launchpads and exchanges.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
