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Home»Ethereum»Zkasino Scamm’s risky Ethereum trade
Ethereum

Zkasino Scamm’s risky Ethereum trade

April 11, 2025No Comments
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The alleged crook behind the traction of the Zkasino carpet would have lost more than $ 27 million in a high -risk Ethereum trade while the turbulence of the cryptographic market continues to catch suspended merchants.

On April 7, the ONCHAIN ​​blockchain analysis platform revealed that the crook had left a 20x long position on ETH using the hyperliquid trading platform.

The reverse would have come from the recent correction of Ethereum prices in the middle of the larger drop in the market launched by the United States, deciding to implement reciprocal prices out of 180 countries.

According to Cryptoslate Data, Ethereum has dropped by almost 20% in the last 24 hours up to $ 1415 before trying a recovery of more than $ 1,500. ETH was traded at $ 1,537 at the time of the press.

Many in the crypto space consider the recent loss of negotiation of Zkasino’s crook as a “dose of karma”.

The defeat of the scammer echoes in a case of March 31, when the pirate behind the $ 9.6 million Zklend feat lost 2,930 ETH against a phishing site imitating the Tornado in cash. This individual had also ignored a Zklend bonus offer.

Zkasino scam

The funds used in trade come from a previous feat linked to Zkasino, which occurred in 2024. The platform was widely used after having executed a carpet traction which drained nearly $ 33 million from Ethereum of users.

Zkasino’s decision sparked intense criticism through industry. The co-founder of Ethereum, Vitalik Buterin, criticized the project, saying that its use of the “ZK” brand was misleading and only based on its deployment on Zksync.

In response to the reaction, Zkasino promised to repay investors’ funds while affirming that he acted in the interests of users by converting the ETH into Zkas tokens and locking them as part of a 15 -month acquisition calendar.

However, the promised reimbursements did not materialize at the time of the press.

Meanwhile, the Netherlands Information and Information Service (FIOD) later arrested a 26-year-old man suspected of being involved in the program. The authorities have entered digital assets, luxury cars and real estate worth around $ 12.2 million.

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