zkSync founder of DEX ZigZag Kedar revealed through the project's official account on the X platform that the decentralized betting platform ZKasino has falsified most of its income. Users are advised to be cautious when participating in their ICO activities.

Kedar said that this is also the main reason why ZigZag has made little progress since its early days. The incompetence and fraudulent behavior of some team members have brought difficulties to his operating company, but he will do his best to restore the project and continue to operate without these personnel, but the specific operating results cannot be guaranteed.

He also stated that the founder of Zkasino (Derivatives Monke) is a member of the ZigZag team and is responsible for the loss of most of the funds entrusted by project representatives to investors. However, at present, Kedar has no actual evidence to show any theft involved.