ZKasino faced allegations of misappropriating $33 million in user funds

🧑‍💻 Developers at blockchain-based ZKasino redirected 10,515 ETH, valued at $33.9 million, to the Lido staking protocol rather than reimbursing users and investors as initially promised.🙀

🏦 This Ethereum was originally deposited by early participants via the ZKAS pharma native token bridge, with assurances from the project team that the assets could be retrieved.

However, on April 20, ZKasino issued a 📝 statement announcing the network's launch along with revisions to the initial plan. According to the announcement, all the received ETH was supposedly ➡️ converted to ZKAS tokens at a discounted rate of $0.055 subject to a 15-month vesting period.

✔️ Additionally, the developers modified the initial terms on their website, omitting previous references to returning ETH.