ZKasino, a blockchain-based gambling project, has announced that it is implementing a 72-hour “2-step bridge back process” to return funds to investors. This comes a month after the project was accused of a $33 million “rug pull.” The process involves investors sending back their full ZKasino (ZKAS) token balance in exchange for a 1:1 ratio of ETH. However, investors who choose to get their ETH back will lose their allocated ZKAS tokens and the remaining 14 months of ZKAS release. Some individuals have raised concerns about the legitimacy of the process and whether it could be a scam. Despite these concerns, the ZKasino team asserts that they are working hard to ensure the project’s success and deliver the best results. Last month, ZKasino faced backlash for failing to return investor ETH and instead sending the funds to Lido for staking. The platform claimed that it had made changes to its initial plan, converting bridged ETH to ZKAS at a discounted rate and on a vesting schedule. This move led many to accuse the platform of conducting an “exit scam.” Following the incident, one individual suspected to be involved in the “rug pull” was arrested by Dutch authorities. Despite the controversy surrounding the project, the ZKasino team denies the allegations and rejects claims of an “exit scam” or “rug pull.”
ZKasino Extends 72-Hour Opportunity for Investors to Retrieve Deposited ETH