ZKasino Returns $31 Million in ETH to Team Wallet Adhering to Founder’s Arrest

Excellent information for ZKasino supporters! Following a current incident involving a suspected founder, thousands and thousands in staked Ether have been properly returned to the team’s first multi-sig wallet.

According to the most current information from Etherscan, ZKasino’s workforce wallet now holds around 10,531 Lido staked Ether (stETH) valued at all-around $31.4 million. These funds were being formerly transferred to non-public wallets managed by a venture founder, sparking worries amid users when withdrawals were disabled.

Thanks to collaboration with Binance, authorities had been capable to observe the cash, top to a thriving arrest in the Netherlands. The Dutch Fiscal Information and Investigation Support (FIOD) played a important job in this procedure.

Even though an person was apprehended and belongings confiscated, transactions involving ZKasino’s funds persisted, fueling speculation that additional people today ended up implicated in what numerous think about to be an exit rip-off or rug pull in the crypto place.

ZKasino Sets the Record Straight

Following the return of cash to their wallet, a developer connected to ZKasino, recognized as “Derivatives Monke,” dismissed promises made by Binance and others in the crypto community. The developer unequivocally mentioned that these allegations ended up unfounded and detrimental to the status of ZKasino.

Relaxation confident, we are thoroughly dedicated to the accomplishment of this task, just as we have been for the past 3 years.
Assertion from Derivatives Monke

This assertion drew criticism from end users and observers who believed that the cryptocurrency platform had violated the belief of its 10,000+ consumers. On-chain analytics supplier Nansen also raised inquiries for Derivatives Monke pertaining to the timing of asset actions throughout the Eigenlayer airdrop confusion and their subsequent return write-up-arrest in the Netherlands.

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