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This is fun time to mention the 2nd part of the fraud. When @Derivatives_Ape and his friends took the raised money for ZigZag, they lost half of it market making UST (against my recommendation) and lost the other half leverage trading on FTX trying to make the money back.… https://t.co/n1r5Lqo2db
The zkSync DEX project ZigZag issued an article accusing the ZKasino team of fraud, accusing its initial funds of being stolen from the ZigZag Treasury, the founder of ZKasino is a fundraiser and 3/5 signer of ZigZag. ZigZag raised $15 million and entered the ZKasino founder…
🌟 @ZKasino_io is proud to announced its $40M Ecosystem Fund 🌟 The ecosystem fund supports builders on the #ZKasino chain, funding projects regardless of their uniqueness or idealism 🔽 VISIT https://t.co/Xp7DynLd6y #Definews https://t.co/RCuxhowmKQ
LayerZero's CEO, Bryan Pellegrino, has accused Kyle Davies, co-founder of the now-defunct crypto hedge fund 3AC, of attempting to deceive the company into transferring its entire treasury to 3AC shortly before its collapse. This revelation highlights a broader pattern of alleged reckless behavior by 3AC, including attempts to engage in a GBTC trade and pressuring other entities as the fund was failing, described as 'wildly reckless'.