ZKasino team misappropriates user funds to continue leveraging ETH, average leverage cost $3,402

BlockBeats news, on November 26, according to EmberCN monitoring, the ZKasino project team has been misappropriating user funds to continue leveraging ETH. In the past 2 hours, they borrowed 12.38 million DAI from Aave through a circular loan to purchase 3,723 ETH. They have used 10,535 ETH belonging to users as the base margin and have cumulatively borrowed 31.937 million DAI from Aave to buy 13,040 ETH. The average cost of these leveraged ETH purchases is $3,402, and they are currently at a floating loss.