ZKasino is under scrutiny after users face withdrawal issues

Cryptocurrency betting platform ZKasino is reportedly facing criticism from users who doubt the platform’s reliability.

Adding to the uncertainty, ZKasino’s official Telegram channel was rumored to have been banned, but crypto.news confirmed that the account is still active.

ZKasino hasn’t responded to requests for comment.

A significant concern also arose from the revelation that ZKasino’s deposit wallet holds a substantial amount of 10,500 Ether (ETH), valued at around $32 million. It has led to questions about the platform’s financial activities and management practices.

The issue has become especially pertinent given previous accusations of fraud against the ZKasino team. These allegations — highlighted in an X post by ZigZag founder Kedar Iyer — have contributed to a growing sense of distrust around ZKasino.

According to Iyer, members of the ZKasino team defrauded several former contractors and employees by absconding with their pay for work done building the platform.

In the social media post, Iyer openly criticized ZKasino founders, stating, “They would claim they were withdrawing funds to pay ZigZag frontend developers but diverted some for ZKasino development.”