According to CoinDesk, ZKasino has provided its users with a 72-hour window to reclaim their deposited ether after a waiting period of over a month. The platform has clarified that the ether can be reclaimed at a 1:1 ratio for those who choose not to participate in the conversion to ZKAS, ZKasino's native token. However, users who decide to reclaim their ether will lose their bridge reward allocation.
In the previous month, ZKasino saw over 10,000 users depositing $33 million worth of ether with the intention of earning ZKAS. These deposits were made under the assumption that the ether would be returned once the bridging period was over. However, ZKasino later announced that all deposited funds would be converted into ZKAS, leading to disappointment among users due to the undisclosed conversion.
Adding to the speculation, on-chain data revealed that ZKasino had transferred the $33 million worth of deposits to the staking platform, Lido. This move has left many users feeling aggrieved and has led to the current situation where users are being given the opportunity to reclaim their deposited ether.