Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Investors form group to take legal action against ZKasino co-founders.
BLOCKCHAIN NEWS

Investors form group to take legal action against ZKasino co-founders.

By Crypto FlexsApril 24, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Investors form group to take legal action against ZKasino co-founders.
Share
Facebook Twitter LinkedIn Pinterest Email

Share this article

Follow Cryptocurrency Briefings on Google News

Investors have created a telegram called the “ZKasino Legal Task Force” to prosecute the co-founders of gambling blockchain infrastructure ZKasino after they exchanged nearly $33 million worth of Ether (ETH) for its native token. According to Rekt News, after the exchange, the co-founders went dark and their group began banning users who suggested the possibility of an exit scam being run.

But tensions quickly escalated as several members talked about the possibility of hiring assassins to track down the project’s co-founders.

Investors form group to take legal action against ZKasino co-founders.Investors form group to take legal action against ZKasino co-founders.
Message from ZKasino investors

The controversy began on March 23 when ZigZag Exchange founder Kedar Iyer posted on As noted in the same publication, Monke and two other co-founders were part of the ZigZag team and signatories of the Treasury’s multi-signature wallet, and reportedly stole funds to start new ventures.

Decentralized blockchain-based fundraising group BlackDragon said it wanted to invest in ZKasino, adding more information to a post on April 23. However, BlackDragon’s due diligence team stated that the investment did not go through because members of the ZKasino team did not react well to having their appearances revealed.

Regarding recent dramas @ZKasino_io The man who scammed investors out of $35 million – we wanted to invest months ago but skipped it because the ZKasino team went crazy while doing basic due diligence to protect members and investors.
Check out the screenshot below. pic.twitter.com/q20HqOInvs

— Black Dragon (@BlackDragon_io) April 23, 2024

In another post, the BlackDragon team explained that they attempted to alert fellow venture capital funds and the community, but they still invested significant amounts of money into ZKasino.

A user identifying himself as Cygaar took to X to highlight that ZKasino’s underlying blockchain infrastructure does not apply zero-knowledge technology as advertised by the team. Instead, it deployed a blockchain based on Arbitrum Nitro’s architecture that, according to Cygaar, takes two minutes to build.

Moreover, the current situation of ZKAS, the native token of ZKasino, is still uncertain. Investors who purchased ZKAS during the pre-sale period have not yet received their tokens.

Share this article

Follow Cryptocurrency Briefings on Google NewsFollow Cryptocurrency Briefings on Google News

The information on or accessed through this website has been obtained from independent sources believed to be accurate and reliable. However, Decentral Media, Inc. makes no representations or warranties about the timeliness, completeness or accuracy of any information on or accessed through this website. . Decentral Media, Inc. is not an investment advisor. We do not provide personalized investment advice or other financial advice. Information on this website may change without notice. Some or all of the information on this website may be outdated, incomplete or inaccurate. We may, but are not obligated to, update information that is out of date, incomplete or inaccurate.

Crypto Briefing can augment articles with AI-generated content generated by Crypto Briefing’s own AI platform. We use AI as a tool to deliver fast, valuable, actionable information without losing the insight and oversight of experienced cryptocurrency experts. All AI-augmented content is carefully reviewed by editors and writers for factual accuracy, and we pull from multiple primary and secondary sources whenever possible to create our stories and articles.

You should not make any investment decisions regarding ICOs, IEOs or other investments based on the information on this website, and you should not interpret or rely on the information on this website as investment advice. If you are seeking investment advice regarding an ICO, IEO or other investment, we strongly recommend that you consult with a licensed investment advisor or other qualified financial professional. We do not receive any form of compensation for our analysis or reporting on ICOs, IEOs, cryptocurrencies, currencies, tokenized sales, securities or products.

See full terms and conditions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Will bullish momentum or bearish pressure prevail?

June 18, 2024

Ikigai founder explains why Bitcoin and cryptocurrencies are ‘on the verge of cannibalism’

June 19, 2024

NVIDIA Demonstrates Real-Time Generative AI in Creating 3D Desert Worlds

August 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.