A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.
ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether (ETH) to the platform.
However, instead of returning the funds, ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance.
Nearly a year later, the wallet behind the alleged exploit has been liquidated for $27.1 million after ETH’s price declined sharply, according to blockchain analytics platform Onchain Lens.
Source: Onchain Lens
“A scammer gets a dose of karma,” Onchain Lens wrote in an April 7 X post, adding:
“The ZkCasino scammer, who scammed $40M+, closed its $ETH