Investor Plans to Sue ZKasino for Alleged Misappropriation of $33 Million in Funds

Bittime - Investors plan to sue ZKasino, a blockchain-based casino platform, for alleged embezzlement of nearly $33 million in Ethereum funds belonging to users. Check out the complete news in this article!

Alleged Embezzlement of Funds

The investors formed a Telegram group called "ZKasino Legal Task Force." They accused one of the co-founders of ZKasino of misusing user funds. The alleged modus operandi was to exchange the user's Ethereum for native ZKasino tokens (ZKAS) and then disappear.

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ZKasino Token Status Unclear

To date, the state of ZKasino's native token, ZKAS, remains unclear. Investors who purchased ZKAS during the pre-sale have reportedly not received their tokens to date.

Impact for Investors

This alleged act of misuse of funds has had a negative impact on ZKasino investors. They not only lost their invested Ethereum, but also have not received the ZKAS tokens they were supposed to get.

Legal Steps Forward

The formation of the Telegram group “ZCasino Legal Task Force” signals investors' plans to take legal action. They will attempt to sue ZKasino and the co-founders who are allegedly responsible for the loss of the funds.

This case is an important reminder for cryptocurrency investors to conduct careful research before investing in a new blockchain platform.

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To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

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Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.