Matcha Exchange and ZKasino set up a scheme to swindle hundreds of millions
The project owner turned out to be a post-00s!!!
The ZKasino incident has recently caused a stir. Many investors are familiar with ZKasino's model of staking Ethereum to obtain tokens, especially the support of Matcha Exchange, which has given many investors confidence. After all, this staking model can not only obtain tokens, but also return Ethereum when it expires, which seems to be a good deal that can make money without losing money.
However, ZKasino played a trick on investors. They collected 10,500 Ethereum worth more than 30 million US dollars, and then suddenly changed the rules to turn the original pledge into a donation. In short, it was a blatant appropriation of users' assets. As the incident escalated, the project owner even closed Telegram, canceled the offline meeting in Dubai, and arbitrarily transferred user funds to Lido for staking, which was extremely cunning.
Let's look back at the beginning and end of the incident. On April 19, many community users found that ZKasino had been reluctant to open ETH refunds after the staking activity ended. Through Wayback Machine, it was found that ZKasino deleted the statement "Ethereum will be returned and can be bridged back" on its official website on April 18, causing panic and doubt among users. Investors have been defending their rights on ZKasino's official Twitter and Telegram, but the project party soon closed the Telegram's speaking rights.
On April 20, the announcement that ZKasino (ZKAS) was originally planned to be launched on the MEXC trading platform stated that the launch and withdrawal of coins were postponed for some reason, and ZKAS recharge was also suspended. MEXC staff responded that they were just one of the investors, and the project party's behavior had nothing to do with them, and they were also victims. This practice of distancing oneself from the relationship is obviously not convincing. Without the promotion of the Matcha Exchange, this fake project would probably find it difficult to collect so much Ethereum. Can you evade responsibility by distancing yourself from the relationship now?
If you really believe this statement, you are too naive. The project party took the funds to earn interest, but told investors that it would be launched as scheduled. So why didn't they explain how the pledge became a donation? This is obviously playing a word game to deceive investors.
In fact, this project is a fake packaged project. Although it claims to have zk technology, the chain they released does not have Zk technology at all, nor does it use EigenDA.This is just an Arbitrum Nitro chain that takes only 2 minutes to deploy. They deceived everyone with very little effort.
For ordinary investors, it may be easy to be deceived by such projects. But as an investor, the Matcha Exchange has a professional research team and failed to see the truth, which makes people wonder whether there is a bigger conspiracy.
