$ETH
Attention! Attention!
The ZKasino team is 'playing' with leverage!
Is the user's ETH becoming a 'money-making tool'?
The ZKasino team has recently become 'hot'! However, this is not because they have created any amazing products, but because they actually misappropriated user's funds to 'play with leverage'!
Just 5 hours ago, the ZKasino team quietly lent out 9.36 million DAI and bought 2,603 ETH. This is not the end; they had previously deposited 10,535 ETH of users into Aave as collateral.
Then, they cumulatively borrowed 53.77 million DAI and bought a total of 15,645 ETH, all used to leverage long on ETH!
This operation is simply 'daring'! However, to be fair, with the surge of ETH, they did indeed make quite a bit from this leverage operation. They are currently sitting on an unrealized profit of 3.22 million USD!
But then again, this is after all misappropriating user's funds! No matter how much money they made, can they spend it with peace of mind? I wonder how those users whose funds were misappropriated feel right now...
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