According to information shared by on-chain data analyst Ember, the Web3 gambling platform ZKasino, which previously promised refunds, has once again misappropriated user funds, depositing 5,265 ETH into Aave as collateral and borrowing 12.348 million DAI to purchase 3,515 ETH.
ZKasino is getting bigger and continues to leverage. In the last 15 minutes, they deposited another 5,265 ETH from another address into Aave as collateral to borrow 12.348 million DAI to buy 3,515 ETH. They have now deposited all of the users' 10,535 ETH into Aave as margin to borrow 31.937 million DAI to purchase 9,316 ETH. The average price for this leveraged purchase of ETH is $3,428. … https://t.co/w1guNmcsyk pic.twitter.com/YXofe4leuV
— Ember (@EmberCN) November 25, 2024
Zombit previously reported that the ZKasino team executed a similar operation last Saturday, depositing 5,270 ETH into Aave as collateral to borrow 11.589 million DAI and then purchased 3,500 ETH. Including today’s operation, ZKasino has now deposited all of the users' 10,535 ETH into Aave as margin to execute leveraged trades, purchasing a total of 9,316 ETH at an average price of $3,428.
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