Bitrabo Editorial
ZKasino, a cryptocurrency gambling platform, has announced a 72-hour refund window for investors affected by the recent controversy. The platform made headlines a month ago when it was accused of stealing $33 million from its users.
Refund Opportunity for Investors
In a recent statement, ZKasino’s founder, Derivatives Ape, introduced a limited-time opportunity for affected investors to reclaim their funds. Investors were given until May 31 to sign up and initiate the refund process by following specific guidelines.
Investors who did not initially participate in the ZKAS conversion were instructed to follow a two-step process to retrieve their Ether (ETH) by depositing ZKAS bridge rewards into a designated smart contract controlled by ZKasino.
By participating in the process, investors would forego the remaining ZKAS release and could claim their ETH at a 1:1 ratio through an audited bridge contract on the Ethereum Mainnet after the data verification process.
Concerns Within the Crypto Community
The refund announcement was met with skepticism as it was communicated through the founder’s personal account rather than official channels associated with ZKasino. This raised doubts among community members already wary of the platform following the previous allegations.
Many users expressed concerns about the legitimacy of the process and questioned the safety and reliability of the refund mechanism. Technical issues further exacerbated doubts, with some users struggling to connect their wallets or complete the sign-up process.
Additionally, the founder’s history with failed crypto projects and questionable practices added to the community’s apprehensions about the platform’s future. The overall sentiment within the crypto community towards ZKasino has significantly deteriorated, with many expressing disillusionment and distrust.