A ZKasino account, which stole $30 million in 2024 from its customers, lost $27.1 after it closed a position long on Hyperliquid.
On-chain data On Hyperdash the scammer account behind the Blockchain-based betting platform was 20x leveraged with long ETH.ETHHyperliquid positions fully liquidated. The trader suffered a loss of approximately $27.1million. Although the trader’s unrealized gains and losses were still around $147.38, he had a total of $147.38.
The scammer is behind the Blockchain gambling platform, which stole a reported $32,000,000 last year. Traders on social media platform X reacted positively, many stating the scammer received what they deserved.
“A scammer gets a dose of karma,” Onchain Lens was quoted in the latest issue of Onchain Lens. post Liquidation is a good idea.
“Karma is real!” Another user said on X.
A user, however, didxxed a scammer who had shared his full name as well as his passport image as well as pictures of his mother and his sister. This user, in an effort alert the FBI, Elon Musk and Donald Trump amongst other U.S. government agencies tagged them.
What is ZKasino?
ZKasino, a new betting and gaming platform, was launched as an Ethereum-based layer-2 Blockchain platform. ZKsync. Its official X-account has 75,000 subscribers and is powered by ZKAS, the native token of the platform.
It received wide-spread attention in April 2024. backlash Users who complained that Ethereum money still has not been returned to users two months after initial deposit. “signup” deposits. At the time, users accused the platform of being a scam because it swallowed ZKAS but didn’t give the return as promised.
In response to this controversy the ZKasino team promised its users that they would receive a refund if and when they opened a ZKasino mainnet. However, the mainnet never went live and the Ethereum was not returned to users. It resulted to a loss in ETH of over $30 million.
Kedar Iyer (founder of ZKsync DEX Project ZigZag) has accused ZKasino of not paying former employees and contractors for the work they did in developing the platform.
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Source: crypto.news
