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.

ChainCatcher news, Spot On Chain posted on platform X that due to ongoing conflicts between Ape Terminal, SatoshiVM, and Mac, the SAVM token has dropped by 32%. According to on-chain data: the SAVM Insight wallet has no activity, and the outflow of "smart traders" has increased to 382,000 SAVM.CoinGecko data shows that the price of the Bitcoin Layer2 project SatoshiVM's SAVM is currently $7.58, with a 24-hour decline of 29.4%.Previously, KOL Mac stated on platform X: "The Launchpad project Ape Terminal has engaged in deceptive practices in all its ID0 releases. All winners are from the Ape Terminal team. In addition, they charged a 25% fee. Ape Terminal refunded all SAVM tokens to the SatoshiVM team but made millions by selling the winners' wallets." In response, Ape Terminal stated: "SatoshiVM was founded by KOL Mac, who holds a large amount of unlocked SAVM and made $10 million in profit in one day."