According to PANews, Ape Terminal, an IDO platform, announced on Twitter that its Initial DEX Offering (IDO) has been cancelled due to recent events at the decentralized betting platform, ZKasino. All participants will receive refunds. The stablecoin claim is now live. If users have chosen to participate in the sale, they will be able to claim their stablecoins.
Ape Terminal stated yesterday that it is closely monitoring the situation at ZKasino. The project was selected because of its well-known founder, high Total Value Locked (TVL), and large user base. If the situation worsens, the sale will be cancelled and refunded. ZKasino had previously raised $2 million on Ape Terminal.