ZKasino offers investors a 3-day opportunity to reclaim their ETH deposits

ZKasino, a blockchain-based gambling project, has announced the initiation of a 72-hour “2-step bridge back process” to return funds to investors. This comes a month after the project was accused of conducting a $33 million “rug pull.” In a Medium post on May 28, ZKasino stated that investors can sign up for the process and bridge back their Ether (ETH) at a 1:1 ratio. The team reassured investors that they are still committed to the project’s success and will continue their best efforts. However, investors who choose to retrieve their ETH will forfeit any allocated ZKasino (ZKAS) tokens and the remaining 14 months of ZKAS release. Some individuals have expressed concerns about the legitimacy of the refund process, questioning the 72-hour window and the possibility of it being a scam or wallet drainer. The Medium post was shared by the ZKasino builder known as “Derivatives Monke,” but not by ZKasino’s official account. Last month, ZKasino faced criticism for failing to return investor ETH as promised and instead sending $33 million worth of funds to Lido for staking. The platform attributed this to changes in their initial plan, converting bridged ETH to ZKAS at a discounted rate and on a vesting schedule. This led to accusations of an “exit scam.” Following the incident, one of the suspects involved in the “rug pull” was arrested by Dutch authorities. A portion of the stolen funds was subsequently returned to the ZKasino multisig wallet, and Derivative Monke denied the allegations of a rug pull.