ZKasino's Troubled Debut Amidst Investor Concerns

The Controversial Launch of ZKasino

Cryptocurrency casino ZKasino has recently launched, stirring controversy in the crypto community. The company is accused of mishandling $33 million in user deposits, which were sent to Lido, a staking platform. Despite raising $26.2 million at a hefty valuation, the platform's launch has disappointed investors, who expected their deposited ether to be returned post-launch.

Fairness Promises and Unmet Expectations

ZKasino prides itself on using advanced technologies such as zkSync, EigenDA, Chainlink, and Randomizer's Verifiable Random Functions for fairness. Before its launch, a token bridge was opened for investments, with an original promise that bridged ether would be returned. However, the terms changed, converting deposits into the native token, ZKAS, without consensus from the users.

User Backlash and Lack of Communication

The decision to stake the $33 million worth of Ethereum has led to more than 10,000 users demanding refunds, vocalizing their discontent across social media platforms. Despite the uproar and requests for comment from reputable sources, ZKasino has not yet provided a response or a rectification plan.