According to Foresight News, blockchain investigator ZachXBT has commented on the recent cessation of operations by ZKX. The company, which had announced a $7.6 million funding round and launched a token less than two months ago, has now completely exited the market.

Foresight News previously reported that ZKX announced the completion of its $7.6 million funding round on June 20, 2023. However, by July 30, 2023, the company declared it would cease operations, citing the inability to find a financially viable path forward.