According to Techub News, the Web3 entertainment platform ZKasino went live yesterday after several delays, but the plan to return Ethereum to users has changed. Users cannot currently redeem ETH as planned, but are automatically vested in the token ZKAS, with a vesting period of 15 months. In response, users accused ZKasino of being a rug pull and spreading personal information about ZKasino founder Derivatives Monke online. In addition, token issuance platforms Ape Terminal and AIT Launchpad also canceled ZKasino's IDO, while exchange MEXC canceled the listing of ZKAS. In response, ZKasino issued an announcement that it plans to implement the EIP-3074 protocol after the Ethereum protocol change goes online. Derivatives Monke promised to continue building.
ZKasino completed a $26 million Series A financing in March at a valuation of $350 million, with MEXC and other investors. ZKasino said its smart contract passed Certik's audit. When ZKasino went online, more than 10,000 participants deposited more than $33 million in Ethereum to ZKasino, hoping to get additional ZKAS tokens when the protocol was launched. The project promises to return the invested Ethereum upon user request.