PANews reported on November 23 that according to on-chain analyst Yujin's monitoring, the ZKasino address began to misappropriate funds prepared for user refunds for leveraged long positions on ETH seven hours ago. They deposited 5,270 ETH into Aave as collateral to borrow 11.589 million DAI, and subsequently bought 3,500 ETH.
Yujin indicates that on April 21, the ZKasino project party forcibly converted the 10,515 ETH ($35.17M) deposited by users into ZKasino mining into subscriptions for their platform token by modifying the official website description. On May 28, the ZKasino project party announced that users could apply for refunds, but none have been refunded until now.
