Odaily Planet Daily reports that ZKasino founder Derivatives Monke posted on the X platform that approximately 35% of ETH refund requests from ZKasino bridge users have been processed, involving around 2,500 addresses. Users can check their ETH on zkSync Lite or zkSync Era. Due to high Ethereum gas fees, refunds are being processed through these networks. Next week, an additional 40% of requests are planned to be handled, bringing the total completed to 75%. For large withdrawals, KYC and other procedures will be required.
According to previous reports, ZKasino suddenly changed its official website rules in April 2014, announcing that users’ 10,515 ETH (worth about $33 million at the time) would be forcibly converted into ZKAS tokens and locked for 15 months. Later, user funds were misappropriated for contract trading on exchanges. After the incident gained attention, Dutch authorities arrested a 26-year-old man on May 3, suspected to be Elham N. (also known as Derivatives Monke), a co-founder of ZKasino, and seized assets worth $12.2 million.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock Launches ETHB ETF With Ethereum Staking Rewards
BlackRock has expanded its Ethereum strategy through a new exchange-traded fund that integrates staking rewards. The product directs most of its ether holdings to professional validators rather than idle custody. This structure introduces institutional staking through a regulated ETF framework.
Bla
CryptoBreaking1h ago
Here’s Exactly Why the Ethereum (ETH) Price Just Pumped 20%
The Ethereum (ETH) price has climbed around 20% in the past eight days, catching the attention of traders across the market. While price action alone might suggest a simple rebound, there are actually a couple of important developments behind this move that many people overlooked.
Top
CaptainAltcoin2h ago
Ethereum vs Pepeto: Missed ETH’s Gains? Pepeto’s God of Frogs Kingdom Joins the Top Crypto Coins to Watch With Big Potential
The crypto market in March 2026 is showing a renewed wave of momentum as Bitcoin reclaims levels above $74,000, fueling investor optimism and a rotation into promising projects.
The ethereum vs pepeto debate is intensifying because while ETH at $2,318 offers institutional stability, it
CaptainAltcoin4h ago
