Ethereum

Impact

Raise

The inability of users to withdraw funds from ZKasino, a prominent crypto betting platform, has triggered widespread concern and cast doubt on the platform’s reliability. This development has been compounded by the banning of ZKasino’s official Telegram channel, leaving users feeling uncertain about the platform’s future and operations. Adding to the unease is the revelation that ZKasino’s deposit wallet (<a rel="noopener noreferrer nofollow" href="https://etherscan.io/address/0x9144e18c28338516f0ace99bc88de34aae59be45" target="_blank">0x91…Be45</a>) holds a substantial amount of 10,500 <a href="https://coingape.com/price/ethereum" target="_blank" rel="noopener noreferrer nofollow">ETH</a>, valued at approximately US$32 million. This significant sum raises questions about the platform’s financial activities and management practices.
Moreover, previous allegations of fraud against the ZKasino team, as outlined in an article by ZigZag, have intensified scrutiny and skepticism among users. These accusations contribute to a growing sense of distrust surrounding ZKasino and its operations.
<h2 id="changes-in-zkasino-s-operations-raise-concerns">Changes in ZKasino’s Operations Raise Concerns</h2>
Recent scrutiny of ZKasino’s bridge interface has revealed a troubling alteration, the removal of a crucial sentence regarding the return and bridging of <a rel="noopener noreferrer nofollow" href="https://www.mexc.com/support/articles/17827791515422" target="_blank">Ethereum funds</a>. Documented via the Wayback Machine, this change has raised suspicions about the platform’s transparency and motives. Users and observers alike are left questioning the implications of this alteration and speculating on potential changes in ZKasino’s policies or procedures.
The removal of this key statement has further exacerbated concerns about ZKasino’s trustworthiness and accountability. Users are increasingly uneasy about the platform’s intentions and its commitment to maintaining a transparent and fair gaming environment.
Also Read: <a href="https://coingape.com/coinbase-ceo-reacts-board-member-kathryn-haun-resigns/" target="_blank" rel="noopener noreferrer nofollow">Coinbase CEO Reacts As Board Member Kathryn Haun Resigns</a>
<h2 id="impact-of-postponed-listing-and-withdrawal-on-zkasino">Impact of Postponed Listing and Withdrawal on ZKasino</h2>
The announcement by <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>&nbsp;exchange MEXC regarding the postponement of the listing and withdrawal of ZKasino (ZKAS) has sent shockwaves through the crypto community. With the listing and withdrawal now delayed indefinitely, users are left in limbo, unable to access their funds or engage with the platform as intended. The suspension of ZKAS deposits further compounds the challenges faced by users, exacerbating frustrations and eroding trust in the platform.
MEXC’s decision to postpone the listing and withdrawal of ZKasino raises significant questions about the platform’s viability and future prospects. Users are increasingly skeptical about ZKasino’s ability to address the issues plaguing its operations and restore confidence among its user base.
Also Read: <a href="https://coingape.com/coinbase-vs-sec-pro-xrp-john-deaton-to-appear-as-amici-counsel/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Vs SEC: Pro-XRP John Deaton To Appear As Amici Counsel</a>
The post <a href="https://coingape.com/zkasino-faces-backlash-sequel-to-halted-withdrawals-users-left-in-limbo/" rel="noopener noreferrer nofollow">ZKasino Faces Backlash Sequel To Halted Withdrawals, Users Left In Limbo</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

ZKasino Faces Backlash Sequel To Halted Withdrawals, Users Left In Limbo

Table of Contents

Coingape News Media

Other articles published on Apr 20, 2024

SHIB Burn: Shiba Inu Competitor Burns 52.3% Of Max Supply, Launching Today On Uniswap

Solana (SOL) Rolls Out Mainnet Beta Upgrade; FLOKI (FLOKI) Stalls; Analysts Bullish on InQubeta’s...

Will This Hot New Crypto Presale Project Turn A $1K Investment Into $10K?

Historical Moment: Bitcoin Halving Finally Occurs – Here’s What Should Be Known

Exploring the Surge in AI and Blockchain Investments

Cryptocurrency Halving Impact on BNB, SOL, and XRP Prices

Join our free newsletter for daily crypto updates!