- More than 10,000 users deposited $33 million worth of ether to earn ZKAS, ZKasino’s native token.
- Despite initially saying that the bridged ether would be returned, ZKasino said it had converted the ether for ZKAS.
- Blockchain data shows that the ether has been deposited to Lido.
Over the past weekend, online casino ZKasino officially started operation, but its debut was marred by disappointment among investors. They’ve expressed concerns and accusations towards the company, as $33 million in user deposits were reportedly transferred to staking platform Lido.
ZKasino is a gambling platform based on the blockchain, where transactions are processed on-chain. It employs zkSync and EigenDA, along with Chainlink and Randomizer’s Verifiable Random Functions to maintain fairness in games. In March, they successfully raised $26.2 million during their funding round, valuing the company at an impressive $350 million.
On April 20, ZKasino announced in a blog post that they had transformed all Ethereum linked to bridges into their own gas token, ZKAS, at an affordable price of $0.055 per token.
“We made this conversion as a kindness to our users who joined our community and helped bridge the gap.”
Over 10,000 users deposited approximately $33 million in ether, which was later transferred by ZKasino to the staking platform Lido, according to blockchain records.
Critics on social media X have been demanding refunds from ZKasino, but the company has yet to address these requests and provide a response.
ZKasino did not immediately respond to CoinDesk’s request for comment.
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2024-04-22 16:59