ZigZag: ZZ token holders should try to obtain compensation on their own, the $40 million ecological fund announced by ZKasino is not real
Deep tide TechFlow news, zkSync ecological DEX ZigZag tweeted that many people have recently accused the decentralized betting platform ZKasino team of defaulting on payments or defrauding them in some way. Meanwhile, multiple former employees and contractors say they have unpaid invoices and were not paid for their work.
One of the investors said that the fundraising revenue was false, and possibly even the fundraising and valuation were false.
ZigZag raised $15 million, but the funding was controlled by ZKasino’s founder, ZigZag said. ZKasino’s initial funding was stolen from the ZigZag Treasury, and the ZKasino founders were 3/5 signers of ZigZag’s multisig, so they were able to use the funds to fund their own activities.
ZKasino has been asked to return approximately $1 million, but has yet to receive any compensation, so $ZZ token holders should now try to obtain compensation on their own.
At the same time, ZigZag pointed out that the $40 million ecological fund announced by ZKasino is not real and will likely never be disbursed in any real currency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bridgewater: Most AI infrastructure trades are already priced in, only holding a "very small position"
Bridgewater CIO Greg Jensen warns that assets related to AI infrastructure have already been significantly priced in by the market, and the excess return opportunities of two years ago are fading. The fund has reduced its positions to a "very minimal" level. According to system modeling through 2028, the upside potential for assets such as chips and data centers is now very limited and faces risks of financing and construction delays. Bridgewater's strategic focus has shifted to AI disruption and application sectors.
Swiss Franc gains ground as easing US Yields pressures Greenback
Korean media: Delivery times for key semiconductor equipment components have more than doubled
According to reports, there is a severe shortage of core components for semiconductor equipment in South Korea. Delivery cycles have generally doubled, and waiting times for some Japanese-made parts are as long as 40 months, with components unavailable even at a premium price. Japanese suppliers are cautious about expanding production capacity, resulting in serious delays that have impacted downstream businesses. Major construction projects like Samsung’s Pyeongtaek and SK Hynix’s Yongin face the risk of postponement, with AI chip expansion plans running into a “hard wall” in the supply chain.
Crypto prices
More
