A FULL BREAKDOWN OF ZKASINO'S $33M THEFT

Summary from the TLDR Crypto newsletter

In a brazen $33 million rug pull, the crypto betting platform ZKasino converted over 10,500 ETH of user funds into $ZKAS tokens at an inflated price without consent and imposed a 15-month vesting schedule. Despite numerous red flags, including the founder's shady past, unpaid employees, and abruptly canceled token listings, ZKasino managed to raise a massive war chest before ultimately shutting down communication channels and banning users who called out the scam.