According to BlockBeats, on August 4, investors and market makers involved in the recently halted ZKX project expressed their surprise at the shutdown announcement, stating they had received no prior notice.
Ye Su, founder of ArkStream Capital, commented on X, saying, 'When ZKX closed, as investors, we received no information at all. The team claimed they ran out of money, refused to provide any financial or expenditure details, and declined to communicate with us.'
Amber Group, identifying itself as an investor and market maker for ZKX, stated that after repaying half of its initial loan of 2 million tokens and purchasing an additional 2 million tokens as part of market-making operations since the TGE, it holds 3 million ZKX tokens. 'Due to the lack of buying interest at launch and our commitment to providing continuous liquidity, we have been net buyers of ZKX tokens since listing, even as prices fell. This approach aligns with our commitment to supporting the project and its community, ensuring stable market conditions, potentially at our own loss.'
