ZigZag: ZZ token holders should try to obtain compensation on their own, the $40 million ecological fund announced by ZKasino is not real

Deep tide TechFlow news, zkSync ecological DEX ZigZag tweeted that many people have recently accused the decentralized betting platform ZKasino team of defaulting on payments or defrauding them in some way. Meanwhile, multiple former employees and contractors say they have unpaid invoices and were not paid for their work.

One of the investors said that the fundraising revenue was false, and possibly even the fundraising and valuation were false.

ZigZag raised $15 million, but the funding was controlled by ZKasino’s founder, ZigZag said. ZKasino’s initial funding was stolen from the ZigZag Treasury, and the ZKasino founders were 3/5 signers of ZigZag’s multisig, so they were able to use the funds to fund their own activities.

ZKasino has been asked to return approximately $1 million, but has yet to receive any compensation, so $ZZ token holders should now try to obtain compensation on their own.

At the same time, ZigZag pointed out that the $40 million ecological fund announced by ZKasino is not real and will likely never be disbursed in any real currency.