Rug Pull from ZKX?
ZachXBT Claims Alameda and StarkWare-Backed ZKX Raised Millions and Launched Token Despite Closure Risk
Blockchain sleuth ZackXBT claimed that ZKX, a gamified social derivatives trading DEX on Starknet and Ethereum, raised millions in funding and launched its governance token, despite the risk of closure.
On Tuesday, ZKX announced that it would discontinue the project, remove all markets, close positions, and return funds to users' trading accounts. Founder Eduard Jubany Tur stated that he had been “unable to find an economically viable path for the protocol” amid “minimal” user participation and a token generation event that “did not meet expectations” while headlines they continue to retire the "undervalued" asset.
“The suspension period will last until the last day of August. ZKX allotment and distribution will continue after sunset on September 1. “We strongly recommend everyone to withdraw their funds before sunset in August and claim pending STRK rewards,” he added.
Following the ZKX founder's closure announcement, ZachZBT posted on some weeks".
In response, Eduard Jubany Tur said that the funds were raised between 2021 and 2024 to support a team of 30 people building a blockchain dedicated to scaling perps, including multiple code audits and other expenses, and that all funds from users had returned and more than 80% of users had already withdrawn from the protocol for self-custody.
“The lead founders did not sell a single token of their allocations and have unfortunately seen four years of work and their lives evaporate,” he added.
#ZKX #HotTrens #TrendingTopic: #starkscam #Starknet
ZachXBT Claims Alameda and StarkWare-Backed ZKX Raised Millions and Launched Token Despite Closure Risk
Blockchain sleuth ZackXBT claimed that ZKX, a gamified social derivatives trading DEX on Starknet and Ethereum, raised millions in funding and launched its governance token, despite the risk of closure.
On Tuesday, ZKX announced that it would discontinue the project, remove all markets, close positions, and return funds to users' trading accounts. Founder Eduard Jubany Tur stated that he had been “unable to find an economically viable path for the protocol” amid “minimal” user participation and a token generation event that “did not meet expectations” while headlines they continue to retire the "undervalued" asset.
“The suspension period will last until the last day of August. ZKX allotment and distribution will continue after sunset on September 1. “We strongly recommend everyone to withdraw their funds before sunset in August and claim pending STRK rewards,” he added.
Following the ZKX founder's closure announcement, ZachZBT posted on some weeks".
In response, Eduard Jubany Tur said that the funds were raised between 2021 and 2024 to support a team of 30 people building a blockchain dedicated to scaling perps, including multiple code audits and other expenses, and that all funds from users had returned and more than 80% of users had already withdrawn from the protocol for self-custody.
“The lead founders did not sell a single token of their allocations and have unfortunately seen four years of work and their lives evaporate,” he added.
#ZKX #HotTrens #TrendingTopic: #starkscam #Starknet