The platform was initially accused by P2P order book exchange ZigZag, of lying about it's funding and failing to pay numerous developers and contractors.
ZackXBT, a prominent web3 investigator has also raised concerns about ZKasino for mismanagement of funds and failing to pay team members.
ZKasino had promised investors that bridged their ETH, an allocation of ZKAS tokens. However, at launch, the platform changed their plan and all bridged funds were automatically vested into ZKAS tokens for 15 months.
Onchain data indicate that ZKasino had received more than 10,500 ETH, approximately $32 million. Following these events, MEXC exchange and Ape Terminal have canceled their listings of ZKAS token.