Scammer Behind $30M ZKasino Heist Loses $27.1M in Epic Liquidation!

Holy smokes! The notorious account tied to ZKasino, the gambling platform that swindled over $30 million from its users in 2024, just got hit with a massive $27.1 million loss after closing a long position on Hyperliquid. Talk about karma!

Get this: according to the juicy on-chain data on Hyperdash, the scammer's wallet behind the blockchain-based betting platform got totally wiped out. Their 20x leveraged long ETH position on Hyperliquid? Fully liquidated, baby! That's a whopping $27.1 million down the drain. But hey, they still had a measly $147.38 in unrealized profit and losses. Big whoop!

This address is none other than the mastermind behind the blockchain gambling platform that ripped off around $32 million last year. And you know what? Traders on X are loving it! They're saying the scammer got exactly what they deserved.

"A scammer gets a dose of karma," Onchain Lens posted about the liquidation. Mic drop!

"Karma is real!" another user on X chimed in. You can't make this stuff up!

But wait, there's more! Another user went full vigilante and doxxed the scammer, spilling their full name, passport pic, and even photos of their mom and sister. They even tagged Donald Trump, Elon Musk, and the FBI, trying to get the big guns involved. This is getting wild!

What is ZKasino?

ZKasino burst onto the scene as a betting and gambling platform, built on the Ethereum-based layer-2 blockchain platform, ZKsync. It was powered by its native token ZKAS and had a whopping 75,000 followers on its official X account. But things took a dark turn fast.

In April 2024, users started screaming bloody murder, claiming that ZKasino still hadn't returned their Ethereum funds two months after their initial "signup" deposits. They called it a scam, saying it only gobbled up ZKAS tokens without giving them the promised returns.

The ZKasino team tried to smooth things over, promising refunds once they launched their mainnet. But guess what? The mainnet never happened, and users never saw their Ethereum again. That's over $30 million worth of ETH down the toilet!

And if that wasn't enough, Kedar Iyer, the founder of ZKsync DEX project ZigZag, dropped a bombshell. He accused the ZKasino team of stiffing former contractors and employees, not paying them for their hard work in building the platform. This story just keeps getting crazier!