Investors have created a Telegram group called "ZKasino Legal Special Working Group" to sue the co-founder of ZKasino, who is suspected of embezzling nearly $33 million worth of Ethereum from users and disappearing after exchanging it for the platform's native tokens. The controversy began on March 23 when Kedar Iyer, founder of ZigZag Exchange, published an article on X platform stating that ZKasino co-founder Monke used ZigZag's funds to launch ZKasino.

In an article on April 23, BlackDragon revealed that they had planned to invest in ZKasino. However, BlackDragon's due diligence team stated that the investment did not go through due to poor responses from ZKasino team members when asked to disclose their identities. Additionally, user Cygaar pointed out that ZKasino's blockchain technology does not match its advertising and is only a quick build version based on Arbitrum Nitro.

Currently, it is still unclear whether ZKAS tokens have been distributed, and investors who purchased ZKAS during the presale have not yet received their tokens. (Crypto Briefing)