Alleged scam ZKasino gives users 72-hour window to reclaim their ETH | Headlines | News | CoinMarketCap

05/29/2024 14:27
Alleged scam ZKasino gives users 72-hour window to reclaim their ETH | Headlines | News | CoinMarketCap

ZKasino, a crypto gambling platform embroiled in scam allegations and investigated by Dutch authorities, claimed that users of the platform can …

ZKasino, a crypto gambling platform embroiled in scam allegations and investigated by Dutch authorities, claimed that users of the platform can bridge back their ETH at a 1:1 ratio — funds that had been held hostage for nearly two months.

In April, ZKasino abruptly changed its token redeeming policies around the time of launch. This change prevented investors from reclaiming their bridged ether tokens, initially promised by the project.

By the time of launch, over 10,000 investors had already bridged more than $33 million worth of crypto on ZKasino. These funds were converted into ZKAS tokens at an inflated price without user consent, leading to scam allegations.

These users or "bridgers" have now been given a narrow 72-hour window — from 28 May at 14:00 UTC to 31 May at 14:00 UTC — to …

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