A blockchain-based gambling project, ZKasino has started a 72-hour process to return funds to investors following allegations of a $33 million “rug pull.”
In a recent Medium post, ZKasino announced a “2-step bridge back process” allowing investors to bridge back their ETH at a 1:1 ratio. Despite the controversy, the team remains committed to the project’s success.
Investors must send back their ZKasino (ZKAS) token balance to their original address to participate in the refund process. However, this means forfeiting any allocated ZKAS and remaining release periods.
The 72-hour window has raised questions, with concerns about potential wallet draining or scams. Notably, the Medium post was shared by ZKasino’s builder, “Derivatives Monke,” rather than the official account.
ZKasino faced criticism last month for diverting funds to staking instead of returning them to investors as promised. Dutch authorities have since made arrests related to the incident, with some funds returned. ZKasino denies claims of an “exit scam” or “rug pull.”
ZKasino’s 72-hour refund initiative reflects a commitment to addressing investor concerns and rebuilding trust in the project.
Also Read: ZKasino Wallet Gets $20M Ether Return Raises Investor Hope
