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MainNewsZKasino Unde...

ZKasino Under Fire: Rug Pull Allegations and Investor Concerns


by CoinEdition
ZKasino Under Fire: Rug Pull Allegations and Investor Concerns
  • ZKasino faces fraud accusations from ZigZag Exchange.
  • Users report an inability to withdraw funds creating rug pull fears in the community.
  • Reputable exchange MEXC delays ZKasino token listing and withdrawal.

On April 4, 2024, a storm brewed within the cryptocurrency community as ZigZag Exchange, a decentralized platform, accused ZKasino of fraud. The accusations included diverting funds intended for development and misleading investors about funding sources.

These allegations gained support on April 18 when ZKasino seemingly removed a guarantee from its bridge interface, stating users could “bridge back” their Ethereum (ETH) deposits. This move gave concerns to investors especially considering the earlier accusations.

On April 20, the situation escalated. Users reported being unable to withdraw funds from ZKa…

The post ZKasino Under Fire: Rug Pull Allegations and Investor Concerns appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitwise CIO Warns Congress May ‘Fumble’ Crypto Regulation at Final Stretch

Bitwise CIO Warns Congress May ‘Fumble’ Crypto Regulation at Final Stretch

Bitwise Chief Investment Officer Matt Hougan has voiced serious concerns over Congres...
De-Dollarization: Why 2025 Could Be the Year the Dollar Loses Its Global Dominance

De-Dollarization: Why 2025 Could Be the Year the Dollar Loses Its Global Dominance

The US dollar has dominated the reserve currency space for the longest time. The doll...
MainNewsZKasino Unde...

ZKasino Under Fire: Rug Pull Allegations and Investor Concerns


by CoinEdition
ZKasino Under Fire: Rug Pull Allegations and Investor Concerns
  • ZKasino faces fraud accusations from ZigZag Exchange.
  • Users report an inability to withdraw funds creating rug pull fears in the community.
  • Reputable exchange MEXC delays ZKasino token listing and withdrawal.

On April 4, 2024, a storm brewed within the cryptocurrency community as ZigZag Exchange, a decentralized platform, accused ZKasino of fraud. The accusations included diverting funds intended for development and misleading investors about funding sources.

These allegations gained support on April 18 when ZKasino seemingly removed a guarantee from its bridge interface, stating users could “bridge back” their Ethereum (ETH) deposits. This move gave concerns to investors especially considering the earlier accusations.

On April 20, the situation escalated. Users reported being unable to withdraw funds from ZKa…

The post ZKasino Under Fire: Rug Pull Allegations and Investor Concerns appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitwise CIO Warns Congress May ‘Fumble’ Crypto Regulation at Final Stretch

Bitwise CIO Warns Congress May ‘Fumble’ Crypto Regulation at Final Stretch

Bitwise Chief Investment Officer Matt Hougan has voiced serious concerns over Congres...
De-Dollarization: Why 2025 Could Be the Year the Dollar Loses Its Global Dominance

De-Dollarization: Why 2025 Could Be the Year the Dollar Loses Its Global Dominance

The US dollar has dominated the reserve currency space for the longest time. The doll...