ChainCatcher message, on-chain analyst Yu Jin has detected that the ZKasino project recently conducted a remarkable leverage operation in the Ethereum market. The project misappropriated 10,535 ETH from users, borrowed 53.91 million DAI on-chain, and purchased 15,645 ETH to conduct leveraged long operations. Six hours ago, they ended this operation, selling 15,005 ETH and repaying the loan, ultimately profiting 651.5 ETH, approximately 2.37 million dollars.

Subsequently, ZKasino dispersed and transferred a total of 11,186.5 ETH, approximately 40.75 million dollars, consisting of users' ETH and the profits to 9 different addresses. This operation demonstrates the project's flexibility in responding to market fluctuations, while also raising concerns about the flow of on-chain funds.