ZKasino Implements 72-Hour “2-Step Bridge Back Process” to Return Funds to Investors
ZKasino, a blockchain-based gambling project, has taken steps to address the allegations of a $33 million “rug pull” by initiating a 72-hour “2-step bridge back process” to return funds to investors.
In a Medium post on May 28, ZKasino announced the initiation of the refund process, allowing investors to participate in the 2-step bridge back process with a 1:1 ratio for bridging back their Ethereum (ETH).
“The ZKasino team is still working hard to make the project successful. We again want to assure everyone that we are here to deliver and continue our best efforts.”
The refund process requires “bridgers” to send back their complete ZKasino (ZKAS) token balance from the original address where they initially invested their Ether.
After a data verification process, a claim portal will be opened to facilitate the refund.
However, investors who choose to receive their ETH back will forfeit any allocated ZKAS tokens and the remaining 14 months of the ZKAS release.
Some investors have raised concerns about the chosen 72-hour window for the bridge back process, while others have expressed skepticism regarding the sign-up page, fearing it may be a potential wallet drainer or scam.
It is worth noting that the Medium post announcing the refund process was not shared by ZKasino’s official account but rather by the ZKasino builder known as “Derivatives Monke,” who has been at the center of the controversy.
Bridge back ETH at 1:1 ratio
We now initiate the 2-step bridge back process for bridgers who choose to receive back their ETH.
We apologise for the delay and thank you for your patience.
Please read the details about the bridge back process on our Medium post:…
— Derivatives Monke (@Derivatives_Ape) May 28, 2024
ZKasino faced severe
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