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ZKX founder responds to ZachXBT: The $7.6 million financing was raised from 2021 to 2024 and has been used for various expenses. Foresight News reported that Eduard, the founder of ZKX, responded to ZachXBT's question about "why they raised $7.6 million in funding, and the TGE had just started a few weeks ago, but ZKX announced the closure." Eduard said, "The $7.6 million in funding was raised from 2021 to 2024 to support a team of 30 people to build a dedicated blockchain for expanding perps. This includes multiple code audits with Nethermind, TGE listing costs, AWS fees (running L3 on the cloud is expensive), and developer adoption activities for Cairo programming. All user funds have been refunded, and over 80% of users have exited the protocol (the main wallet is self-custodied). The core founders have not sold any of their allocated tokens, unfortunately, the 4 years of work and life have gone to waste. What people also don't talk about is the community pressure, vulnerabilities, scams, and hacks that DeFi teams have to endure. We did our best to protect customer funds, and Binance knows some of the attackers. In hindsight, running a fully on-chain smart contract protocol instead of L3 and other strategic decisions would have been more financially prudent. We have learned from this painful experience." ZachXBT responded, "You left out all the people you scammed into buying your scam tokens on the TGE, as you closed it shortly after announcing the funding. All the content you just shared did not happen between the TGE and today." $PEPE $SOL $WLD

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ZKX founder responds to suspension doubts: $7.6 million in financing was raised from 2021 to 2024, supporting the team's operations. Odaily News: In response to "Why did you raise $7.6 million in funding, and the TGE just started a few weeks ago, but ZKX announced that it is shutting down," the founder of the derivatives DEX ZKX, Eduard, responded on the X platform: "The $7.6 million in funding was raised from 2021 to 2024 to support a team of 30 people to build a dedicated blockchain for expanding perps. In total, 4 years, this includes multiple code audits with Nethermind, TGE listing costs, AWS fees (running L3 on the cloud is expensive), developer adoption activities for Cairo programming, and more. All user funds have been refunded, with over 80% of users having exited the protocol (the main wallet is self-custodied). The core founders have not sold any of their allocated tokens, unfortunately, 4 years of work and life have gone to waste. People also don't talk about all the community pressure, exploitation, fraud, and hacks that DeFi teams have to endure. We did our best to protect our customers' funds, and Binance knows some of the attackers. In hindsight, running a fully on-chain smart contract protocol instead of L3 and other strategic decisions may have been more financially prudent. We have learned a painful lesson." Previously, the derivatives trading protocol ZKX announced that it will cease operations and reminded users to withdraw their funds by the end of August. $PEPE $SOL $WLD

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BTC fell below $BTC BTC fell below $66,000, currently trading at $65,965.71, a 0.22% drop in the past 10 minutes. Price volatility is high, please trade cautiously and manage risks. $PEPE $SOL $wld

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The suspected Ethereum Foundation address exchanged 150 ETH for 49,720 Dai through the Cow Protocol. According to Arkham monitoring, a suspected Ethereum Foundation address (0xd7...c1f4) sold 150 ETH through the Cow Protocol 5 minutes ago, exchanging them for 497,250 Dai. Based on historical operations, these funds are expected to be transferred to other Ethereum Foundation addresses. Since the beginning of this year, this address has been conducting similar operations through the Cow Protocol almost every few weeks, selling 50 to 200 ETH to exchange for Dai. $PEPE $SOL $WLD

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ZKX founder responds to suspension doubts: $7.6 million in financing was raised from 2021 to 2024 and has been used for various expenses. PANews, July 31 news, regarding "why did they raise $7.6 million in funding, and TGE just started a few weeks ago, but ZKX announced it will shut down", the founder of the derivatives DEX ZKX, Eduard, responded on the X platform: "The previous $7.6 million in funding was raised from 2021 to 2024, to support a team of 30 people to build a dedicated blockchain for expanding perps. It's a total of 4 years. This includes multiple code audits with Nethermind, TGE listing costs, AWS fees (running L3 on the cloud is very expensive), developer adoption activities for Cairo programming, and more. All user funds have been refunded, with over 80% of users having exited the protocol (the main wallet is self-custodied). The core founders have not sold any of their allocated tokens, unfortunately, 4 years of work and life have gone to waste. What people also don't talk about are all the community pressures, vulnerabilities, scams, and hacks that DeFi teams have to endure. We did our best to protect customer funds, and Binance knows some of the attackers. In hindsight, running a fully on-chain smart contract protocol instead of L3 and other strategic decisions would have been more financially prudent. We've learned from this painful experience." Previously, yesterday's news reported that the derivatives trading protocol ZKX announced it will cease operations, reminding users to withdraw their funds by the end of August. $PEPE $SOL $WLD

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