The inability of users to withdraw funds from ZKasino, a prominent crypto betting platform, has triggered widespread concern and cast doubt on the platform’s reliability. This development has been compounded by the banning of ZKasino’s official Telegram channel, leaving users feeling uncertain about the platform’s future and operations. Adding to the unease is the revelation that ZKasino’s deposit wallet (0x91…Be45) holds a substantial amount of 10,500 ETH, valued at approximately US$32 million. This significant sum raises questions about the platform’s financial activities and management practices.

Moreover, previous allegations of fraud against the ZKasino team, as outlined in an article by ZigZag, have intensified scrutiny and skepticism among users. These accusations contribute to a growing sense of distrust surrounding ZKasino and its operations.

Changes in ZKasino’s Operations Raise Concerns

Recent scrutiny of ZKasino’s bridge interface has revealed a troubling alteration, the removal of a crucial sentence regarding the return and bridging of Ethereum funds. Documented via the Wayback Machine, this change has raised suspicions about the platform’s transparency and motives. Users and observers alike are left questioning the implications of this alteration and speculating on potential changes in ZKasino’s policies or procedures.

The removal of this key statement has further exacerbated concerns about ZKasino’s trustworthiness and accountability. Users are increasingly uneasy about the platform’s intentions and its commitment to maintaining a transparent and fair gaming environment.

Also Read: Coinbase CEO Reacts As Board Member Kathryn Haun Resigns

Impact of Postponed Listing and Withdrawal on ZKasino

The announcement by cryptocurrency exchange MEXC regarding the postponement of the listing and withdrawal of ZKasino (ZKAS) has sent shockwaves through the crypto community. With the listing and withdrawal now delayed indefinitely, users are left in limbo, unable to access their funds or engage with the platform as intended. The suspension of ZKAS deposits further compounds the challenges faced by users, exacerbating frustrations and eroding trust in the platform.

MEXC’s decision to postpone the listing and withdrawal of ZKasino raises significant questions about the platform’s viability and future prospects. Users are increasingly skeptical about ZKasino’s ability to address the issues plaguing its operations and restore confidence among its user base.

Also Read: Coinbase Vs SEC: Pro-XRP John Deaton To Appear As Amici Counsel

The post ZKasino Faces Backlash Sequel To Halted Withdrawals, Users Left In Limbo appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am