ZigZag

<p>Users of ZKasino, a well-known cryptocurrency betting site, have been unable to withdraw their money, which has raised concerns about the platform’s dependability.&nbsp;</p>
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   <p lang="en" dir="ltr">The crypto betting platform ZKasino has been questioned. Users are currently unable to withdraw money. The official Telegram has been banned. ZKasino’s deposit (0x91…Be45) reaches 10,500 ETH, worth US$32 million. Previously, ZigZag had issued an article accusing the ZKasino…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1781615957489889582?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 20, 2024</a>
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<h2 class="wp-block-heading" id="allegations-of-misconduct-and-operational-concerns">Allegations of Misconduct and Operational Concerns</h2>
<p>Users are now apprehensive about the platform’s future and operations due to the suspension of ZKasino’s official Telegram channel, which has exacerbated this trend.</p>
<p>Concerns have escalated following the discovery that ZKasino’s funding wallet possesses an impressive 10,500 Ether (ETH), worth approximately $32 million. This has sparked debate about the platform’s handling of finances and operational strategies. The situation is further complicated by previous claims of deceptive practices against the ZKasino team. These claims, brought to light in a post by ZigZag’s Kedar Iyer on platform X, have fueled increasing skepticism towards ZKasino.</p>
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   <p lang="en" dir="ltr">ZKasino rugpull hit me hard:<br><br>• I invested $20k in private round. <br>• I sent 39 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$ETH</a> to ZKasino Bridge. <br>• I shilled it to my followers and some of them got scammed too. <br><br>Even though first 2 things are only my problem, I'm really sorry for the last one. <br><br>I want to make a…</p>— Leshka.eth ⛩ (@leshka_eth) <a href="https://twitter.com/leshka_eth/status/1781998830184996898?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 21, 2024</a>
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<p>The matter has gained significance in light of past claims of deceit involving the ZKasino team. Such claims, as pointed out in a post on X by ZigZag’s Kedar Iyer, have fueled an increasing skepticism towards ZKasino. Iyer asserts that ZKasino’s team members cheated numerous ex-contractors and employees, failing to compensate them for their contributions to developing the platform.</p>
<p>Iyer alleged that the founders of ZKasino, notably someone known as Derivatives Monke, were overseeing the fundraising efforts for ZigZag, successfully securing $15 million. This amount was then diverted to addresses under ZKasino’s control.</p>
<p>The Wayback Machine’s documentation of this change raised concerns among users regarding the platform’s openness, intentions, rules, and practices.</p>
<p>In addition, the cryptocurrency exchange MEXC <a href="https://www.mexc.com/support/articles/17827791515422" rel="noopener noreferrer nofollow" target="_blank">has decided </a>to delay the introduction and withdrawal of ZKasino’s native token, ZKAS, affecting deposits in ZKAS as well. MEXC has indicated it will notify when the listing and withdrawals of ZKAS will resume, though it hasn’t provided a specific reason for the halt. This action by MEXC has left users in a position where they cannot access their funds or utilize the gambling platform as they had expected.</p>

ZKasino Scrutinized Over Withdrawal Problems

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