Aggrieved users of Zkasino have been given a 72-hour window to bridge back their ether (ETH) after waiting for over a month.
In a blog post, ZKasino explained that deposited ether can be bridged back at a 1:1 ratio for those who do not want to participate in the conversion to ZKAS, the platform’s native token.
The post added that those bridging back to Ethereum will “forfeit their bridge reward allocation.”
Last month, more than 10,000 users deposited $33 million worth of ether to ZKasino to earn ZKAS. The deposits were made on the premise that the ether would be “returned” once the bridging period was complete.
However, ZKasino then stated that all deposited funds would be converted to ZKAS, leaving users dismayed over the undisclosed conversion. Speculation mounted further after as on-chain data revealed that ZKasino had sent the $33 million worth of deposits to staking platform Lido.
Edited by Parikshit Mishra.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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