ZKasino misappropriated funds that were to be returned to users and used leverage to go long on ETH on the chain

PANews reported on November 23 that according to monitoring by on-chain analyst Ember, the ZKasino address began to embezzle funds that were to be returned to users 7 hours ago to leverage long ETH on the chain. They deposited 5,270 ETH into Aave as collateral to borrow 11.589 million DAI, and then bought 3,500 ETH.

Yu Jin said that on April 21, the ZKasino project team changed the official website description and forced users to deposit 10,515 ETH ($35.17M) into their platform tokens. On May 28, the ZKasino project team issued an announcement allowing users to apply for a refund, but no refund has been made until now.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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