Share this article
ZKasino Gives Users 72 Hours to Retrieve Their Ether
The on-chain casino received $33 million in deposits last month.
Updated May 29, 2024, 4:59 p.m. Published May 29, 2024, 12:30 p.m.
- Users can bridge back deposited ether at a 1:1 ratio.
- Those bridging back to Ethereum will forfeit their reward allocation.
- More than 10,000 users deposited $33 million to ZKasino last month.
Aggrieved users of Zkasino have been given a 72-hour window to bridge back their ether after waiting for over a month.
In a blog post, ZKasino explained that deposited ether can be bridged back at a 1:1 ratio for those who do not want to participate in the conversion to ZKAS, the platform’s native token.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The post added that those bridging back to Ethereum will “forfeit their bridge reward allocation.”
Last month, more than 10,000 users deposited $33 million worth of ether to ZKasino to earn ZKAS. The deposits were made on the premise that the ether would be “returned" once the bridging period was complete.
However, ZKasino then stated that all deposited funds would be converted to ZKAS, leaving users dismayed over the undisclosed conversion. Speculation mounted further after as on-chain data revealed that ZKasino had sent the $33 million worth of deposits to staking platform Lido.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
