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ZKasino's promise of refunds has raised doubts, and the community has reported that the 72-hour registration refund process is too short
2024-05-29 11:54:02
Odaily News ZKasino announced yesterday that it has initiated a two-step bridging process, returning ETH to bridgers who do not participate in the ZKAS conversion at a 1:1 ratio, and that the team is still working on it, reassuring that it will continue to do its best to make the project a success. However, the crypto community pointed out that ZKasino only gave bridge participants a short 72 hours to register (UTC time May 28, 14:00-May 31, 14:00, both working days), and the registration function will be closed and deposits will be stopped after three days. This short period of time may prevent many people from recovering their deposits. In addition, ZKasino also deliberately avoided the staking rewards previously obtained by users' deposits. It is reported that after the Bridge-to-Earn program ends, ZKasino will convert investors' ETH into Lido's Wrapped Staked Ether. Given the current Lido staking yield of 3.3% and the recent rise in ETH prices, the staking rewards generated are expected to exceed $100,000. (cryptoslate)