A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.

ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) to the platform.

However, instead of returning the funds, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/zkasino-sends-33m-promised-refunds-to-lido” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/zkasino-sends-33m-promised-refunds-to-lido”>ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance.

Nearly a year later, the wallet behind the alleged exploit has been liquidated…

A wallet linked to the $40 million ZKasino scam lost more than $27 million after a leveraged position was liquidated, marking what some in the crypto community are calling a dose of karmic justice.

ZKasino launched in April 2024, luring investor capital by promising an airdrop of its native token to users who bridged Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) to the platform.

However, instead of returning the funds, data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/zkasino-sends-33m-promised-refunds-to-lido” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/zkasino-sends-33m-promised-refunds-to-lido”>ZKasino transferred around $33 million in user ETH to the staking protocol Lido Finance.

Nearly a year later, the wallet behind the alleged exploit has been liquidated…