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Vitalik Buterin warns about ZKasino's gambling project

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Ethereum founder Vitalik Buterin took to Warpcaster, a new type of social network, to condemn ZKasino, a decentralized gambling platform based on Layer 2 Ethereum protocol zkSync.

Vitalik Buterin condemned ZKasino’s use of the Zero-Knowledge or ZK in its name. Buterin warned that ZK is a mainstream buzzword adopted by scammers. The project has been criticized heavily on X, related firms have allegedly distanced themselves from the controversy. Buterin has warned market participants against scammers adopting buzzwords like Zero Knowledge in its names.

Official Telegram's gone, they dumped a massive amount of ETH on Lido, and the founders vanished.” 11/ To make matters worse, ZKasino had also initially announced that anyone could lock ETH and farm $ZKAS, and their ETH would be returned However, after no approval whatso-ever, they decided to convert this ETH into $ZKAS at $500M FDV pic.twitter.

 

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