ZKasino’s $31m ETH returned to team wallet after founder’s arrest
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Return of Staked Ether: Millions in staked Ether previously bridged to private wallets were returned to ZKasino's original multi-sig wallet.
- Arrest and Investigation: A suspect linked to ZKasino was arrested, with Binance assisting law enforcement in tracing the funds.
- Exit Scam Allegations: Despite the arrest, ZKasino funds continued to move, fueling theories of an exit scam involving multiple individuals.
- Denial and Backlash: ZKasino refuted claims by Binance and faced backlash from users and observers for breaking trust.
- Questions on Fund Movements: On-chain analytics provider Nansen questioned why assets were moved during an airdrop saga and then returned after the arrest.
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.
