Good news – ZKasino misappropriated users' ETH and made a profit with leverage 🎉
Bad news – The project team has dispersed and transferred all $40.75 million 😭
The anxious heart is finally at rest 💀
Some time ago, the ZKasino project team misappropriated 10,535 ETH belonging to users and borrowed 53.91 million DAI on-chain to buy 15,645 ETH with leverage to go long on ETH. Users had no way to defend their rights and were afraid the project team would lose everything 😡
Now comes the good news: the project team has ended the leverage and made a profit of 651.5 ETH ($2.37 million), fortunately without any losses 😬
Immediately followed by bad news, they have dispersed and transferred a total of 11,186.5 ETH ($40.75 million) belonging to users, along with the profits, to 9 addresses. It seems they have no intention of paying it back. 🥵
There are many scams in the crypto circle, investment must be cautious, may all scammers meet a bad end 🤬$ETH