Ape Terminal: ZKasino IDO has been canceled, and all participants will receive a refund

ChainCatcher news, the IDO platform Ape Terminal announced on social media that due to the recent events surrounding ZKasino, its IDO has been canceled. All participants will receive refunds. The stablecoin claim is now live. If users have chosen to participate in the sale, they will be able to claim their stablecoins.

Yesterday, Ape Terminal stated that it is closely monitoring the situation of the decentralized platform ZKasino, which was selected due to its famous founder, high TVL, and large user base. If the situation worsens, the sale will be canceled, and user funds will be refunded.

It is reported that ZKasino previously launched its IDO on Ape Terminal on April 15, raising a total of 2 million USDC. However, several community members reported that ZKasino has removed the description "ETH will be returned and can be bridged back at this point" from the official bridging interface, and users are currently unable to withdraw, raising suspicions of a rug pull.