Controversial Web3 gambling protocol ZKasino still has not returned users' Ether, more than two months after they launched a 'signup” app for refunds

The project was previously accused of being an exit scam. But on May 28, the team promised to use a new app to return the funds that had been bridged

output: Web3 gambling protocol ZKasino has yet to return users’ Ether ( ETH ) two months after launching a “sign up” application for refunds, according to user reports.

The project was previously accused of being an exit scam. But on May 28, the team promised to use the new app to return the funds that had been bridged to the network. But users claim the app simply took their ZKAS tokens and gave them nothing in return.

“Unfortunately, everyone who sent the ZKAS back has not heard anything from them yet,” one user, who communicated on the condition that his identity not be revealed, told Cointelegraph.

The user claimed that he deposited “equivalent to a year's salary — funds [he] had set aside for retirement,” which he now cannot retrieve. According to him, the team had previously given him “[t]he assurance that ETH would be returned[.]”

ZKasino states that it is a Web3 gambling project in development. According to its website, it is a “hyperchain rollup,” that is part of the ZkSync ecosystem of Ethereum layer 2 networks.

On the ZKasino blockchain explorer, the sign up app contract is labeled “BridgeBackReceiver.” It is located at an address ending in “b6ec.” Blockchain data shows that thousands of ZKAS tokens have been deposited into the contract’s address since May 28.

On July 29, an account ending in “F72F” called the “recoverZKAS” function, transferring 26.6 million ZKAS tokens from the sign up app to itself. This function can only be called by a team member, which seems to imply that the team has taken possession of the deposited ZKAS. As of the time of publication, this is the last transaction the contract has performed.

In its May 28 announcement, the team stated that sign up data would be gathered “in the following days.” Once this data was gathered, a new announcement would be made “as soon as possible” and would include “data for public verification.” After this data was made public, the claim portal would be opened, and users would be able to retrieve their ETH from the network.

More than two months have passed since this announcement, and the ETH remains in the development team’s multisig wallet.

Cointelegraph contacted the ZKasino team through their official Telegram admin account to discuss the user claims but did not receive a response by the time of publication.

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