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Writer's picturemeowdini
May 292 min read

ZKasino Backtracks: 72-Hour Refund Window After Rug Pull Allegations

ZKasino, accused of a $33 million rug pull, offers investors a controversial 72-hour refund window.  Is it a genuine attempt to make amends or another deceptive tactic?

ZKasino, a blockchain-based gambling platform embroiled in a rug pull controversy, is making a surprising move.  Just a month after allegedly vanishing with $33 million in investor funds, ZKasino has opened a brief 72-hour window for investors to claim their ETH back.  However, this offer has strings attached, leaving many skeptical about the project's legitimacy.




A clock counting down with the ZKasino logo next to it, signifying the limited 72-hour window for investors to claim their ETH refund.


Key Points:

  • ZKasino claims it wasn't a rug pull and is offering a 72-hour window to retrieve ETH at a 1:1 ratio.

  • Investors must forfeit their allocated ZKAS tokens and the remaining vesting period to receive ETH.

  • The 72-hour timeframe and lack of promotion on ZKasino's main social media raise concerns.

  • ZKasino was previously slammed for converting investor ETH to ZKAS without consent.



A Questionable Refund Offer

ZKasino's recent announcement on Medium offers investors a chance to recoup their ETH losses, but with a significant caveat.  To receive their ETH back in a 1:1 ratio, investors must forfeit their ZKAS tokens and the remaining 14 months of their vesting period.


Security Concerns and Transparency Issues

The 72-hour window for claiming ETH has sparked suspicion among investors.  The short timeframe and lack of promotion on ZKasino's main X account raise concerns about the legitimacy of the process.  Some fear the sign-up page could be a scam designed to drain wallets.


From Rug Pull to Refund?

Last month, ZKasino faced accusations of a rug pull after breaking its promise to return investor ETH.  Instead, they converted investor funds to ZKAS, sparking outrage and accusations of an exit scam.  The recent arrest of a suspect and the return of stolen funds provided a glimmer of hope.  However, ZKasino's latest move leaves many questioning their true intentions.


ZKasino's attempt to win back investor trust with a limited-time refund offer is shrouded in controversy.  The tight timeframe forfeited tokens, and security concerns surrounding the process leave a bad taste in many investors' mouths.  Only time will tell if this is a genuine attempt at rectification or another deceptive tactic.





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