Odaily News Investors and market makers who had participated in the recently shut down ZKX project said they were surprised by the shutdown announcement and received no advance notice. “As investors, we received no news at all when ZKX shut down,” ArkStream Capital founder Ye Su said on X. “The team claimed they were out of money and refused to provide any financial or spending details or communicate with us.” HashKey Capital echoed Su’s concerns in its own post, complaining that ZKX had failed to share its financials and future plans with the VC firm. Amber Group, which describes itself as an investor and market maker in ZKX, said it holds 3 million ZKX tokens after returning half of its initial loan of 2 million tokens and purchasing 2 million tokens as part of market making operations since the TGE. "Due to the lack of buying interest at launch and our commitment to providing continuous liquidity, we have been net buying ZKX tokens since listing, even when prices have fallen. This approach is in line with our commitment to supporting projects and their communities and ensuring stable market conditions, potentially even at our own expense. Entrepreneurship inherently involves risks and the possibility of failure, so open communication, transparency, and responsibility are priceless qualities for founders. We hope that founders recognize that a good reputation is an important asset to secure future financing." (TheBlock) Earlier, the founder of ZKX responded to doubts about the suspension of operations, saying that the previous US$7.6 million in financing was raised from 2021 to 2024 to support the team's operations.