Vitalik Buterin, a co-founder of Ethereum, has addressed vital issues around ZKasino fraud. He also addressed the incorrect use of the term “Zero-knowledge” (ZK) in connection with a major fraud. The scandal involved about $33 million worth of Ethereum (ETH) lost to the platform’s fraudulent actions.
ZKasino Accused of Misusing Ethereum in Lido
ZKasino claimed to offer blockchain gambling but failed to deliver on its promises. On April 21, community members sounded the alarms after noticing the deletion of a refund promise concerning more than 10,500 bridged Ethereum used in token farming. Further investigations revealed that ZKasino had funneled this money into Lido, a liquid staking protocol on Ethereum.
In their defense, the ZKasino team says that they changed the bridged ETH to ZKAS tokens at a $0.055 discounted rate and enforced a 15-month vesting period. This announcement, however, was met with huge criticism from the crypto community.
Vitalik Buterin Criticizes Misuse of C
We współpracy z: https://coingape.com/ethereum-co-founder-vitalik-buterin-criticizes-misuse-of-zk-in-zkasino-scandal/
