Edit: ZKasino exit scam — CryptoScamsWiki

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## Summary

ZKasino, a crypto gambling project, ran a "bridge-to-earn" campaign in which users deposited ETH. Reporting indicates more than 10,000 users deposited about 10,515 ETH (around $33 million). [2][3] At its launch on April 20, 2024, the project converted those deposits into its native ZKAS token rather than returning ETH, and moved the funds to a team-controlled multisig and into Lido staking. [2][3]

## Stated terms

CoinDesk reported that the project's website originally said bridged ether would be "returned" after the bridging period and that this wording was later removed. [2] In an April 20 post, the project said deposits had been converted to ZKAS "as a favour to our users who have bridged to participate in the ecosystem". [2][3]

## Prior warnings

ZachXBT had described the founders as "proven bad actors" in December 2023 and listed unpaid debts attributed to team members. [1][2]

## Outcome

Reporting indicates Dutch police arrested a co-founder and seized assets valued at over €11 million; ZachXBT later reported a second co-founder was arrested in the UAE. [1][3] Investors and outlets characterized the event as a rug pull. [2][3]

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