ChainCatcher news, according to the report from the Linyi Hedong public account, in early 2023, the Linyi Public Security Bureau Yihe New District Branch discovered an APP suspected of gambling during their work, with a huge flow of funds.Upon investigation, this APP was developed by Zhao at the behest of the criminal suspect Shi. Shi used his and his family's identities to open multiple fund pool accounts, allowing members to exchange virtual currency for chips within the APP, engaging in online gambling by predicting the rise and fall of virtual currency exchange rates over different time periods. At the same time, Shi recruited people like Cao and Wu with high commissions as bait, promoting the APP everywhere, actively developing agents at all levels, and attracting a large number of members to participate in gambling.Since 2023, the public security organs of Yihe New District have successively arrested 13 suspects involved in the case, including Shi, and seized over 10 million yuan in related funds. In May 2024, Shi and others were sentenced to fixed-term imprisonment by the people's court in accordance with the law.

ChainCatcher news, SINOHOPE (stock code: 1611.HK) announced that its MPC WaaS product has officially completed the integration with the Bitcoin staking protocol Babylon. SINOHOPE MPC WaaS users can seamlessly and efficiently stake BTC assets through Babylon's Bitcoin staking API interface, continuously enhancing the utilization of users' BTC assets.It is reported that Babylon has introduced the native Bitcoin staking concept for the first time, allowing users to stake Bitcoin for PoS blockchains and earn rewards. Through SINOHOPE's Babylon Staking API interface, users can easily and conveniently connect to Babylon's Bitcoin staking protocol, which will greatly facilitate Bitcoin re-staking service providers and asset management platforms. SINOHOPE MPC WaaS's API provides users with comprehensive interface support, including Babylon staking transaction construction, transaction pre-signing, and staking transaction inquiries.SINOHOPE's MPC WaaS product is a complete set of MPC digital asset custody wallet infrastructure aimed at Web3 developers, helping users build and integrate MPC wallets more securely and quickly. SINOHOPE and Babylon hope to promote the development of Bitcoin staking and re-staking through this collaboration, jointly creating a more secure and efficient Bitcoin liquidity ecosystem for users.

ChainCatcher news, ZKasino stated yesterday that it has initiated a two-step bridging process, which will bridge ETH back to non-participating bridge users at a 1:1 ratio. The team also mentioned that they are still working hard and reiterated their commitment to making the project successful. However, the crypto community pointed out that ZKasino only gives bridge participants a short 72 hours to register (UTC time May 28, 14:00 - May 31, 14:00, all on business days). After three days, the registration function will be closed and deposits will also stop, which may prevent many from retrieving their deposits.In addition, ZKasino has deliberately avoided addressing the staking rewards earned from user deposits. It is reported that after the Bridge-to-Earn program ends, ZKasino will convert investors' ETH into Lido's Wrapped Staked Ether. Given that the current Lido staking yield is 3.3% and the recent rise in ETH prices, the expected staking rewards will exceed $100,000.

ChainCatcher message, ZKasino officially announced that it has launched a 2-step bridging refund process, where bridge participants can register and bridge back their ETH at a 1:1 ratio.Bridging refund process: For those bridge participants who choose not to participate in the ZKAS conversion, the process to bridge back their ETH has been initiated. Bridge participants can register by depositing the first batch of ZKAS bridging rewards they received. Registration will forfeit the remaining 14 months of ZKAS release.It is reported that bridge participants have 72 hours (UTC time from May 28, 14:00 to May 31, 14:00) to register. Bridge participants can find their ZKAS on the ZKasino EVM chain and can deposit ZKAS into a smart contract controlled by ZKasino.Additionally, registration data will be collected over the next few days. A new announcement will be released as soon as possible to provide data for public verification. The data will show which addresses can claim their ETH. The claiming portal will open after data verification. Bridge participants will be able to claim their ETH at a 1:1 ratio from a new audited bridging contract on the Ethereum mainnet.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, 25 minutes ago ZKasino applied to redeem 10,536 stETH (worth 31.56 million USD) for ETH at Lido, and these stETH should be redeemed for ETH at a 1:1 ratio tomorrow.Previously, on April 21, ZKasino deposited 10,515 ETH from users into Lido for earning interest, and after 25 days, it earned 22 ETH in interest.

ChainCatcher message, according to the monitoring by Shield, the ZKasino Rug associated address transferred 6000 wstETH to the ZKasino multi-signature address, approximately 20 million USD.

ChainCatcher news, according to Cointelgraph, the Binance investigation team stated that the team combined on-chain tracking and open-source intelligence (OSINT) methods to study all smart contracts of ZKasino through behavioral networks, identifying the actual operators of the contracts and the signers behind the related addresses. After identifying the suspects, Binance reported the identities of the account holders involved in the fraud to law enforcement.

ChainCatcher news, the Dutch Fiscal Information and Investigation Service (FIOD) arrested a 26-year-old man on April 29, who is suspected of fraud, embezzlement, and money laundering. The investigation focuses on a large-scale scam involving the gambling platform ZKasino, where global victims had invested over 30 million dollars in cryptocurrency on the platform.Dutch authorities seized cryptocurrency, real estate, and luxury cars worth over 11.4 million euros (12.2 million dollars).

ChainCatcher message, according to monitoring by Shield, the address marked as ZKasino has transferred approximately 9000 wstETH to 3 new addresses.

ChainCatcher message, data tracking platform MistTrack monitoring shows that the Hyperchain infrastructure layer ZKasino has started to transfer part of the Rug Pull funds, transferring approximately 3010 ETH to three different addresses.

ChainCatcher news, according to data tracking platform MistTrack, the Hyperchain infrastructure layer ZKasino for on-chain games has begun to transfer part of the Rug Pull funds, transferring approximately 3010 ETH to three different addresses.

ChainCatcher message, Ethereum co-founder Vitalik Buterin posted on social media, "ZKasino does not involve any 'ZK' technology, except that it exists on zksync, right? I think we have to adapt; even 'ZK' has now become a mainstream buzzword that is widely exploited by fraudsters."

ChainCatcher news, investors have created a Telegram group "ZKasino Legal Task Force" aimed at suing the co-founders of ZKasino for allegedly misappropriating nearly $33 million in Ethereum and disappearing after exchanging it for their native token.The current situation of ZKasino's native token ZKAS remains uncertain. Investors who purchased ZKAS during the presale have not yet received their tokens.

ChainCatcher message, ZKasino announced on social media that, as part of its commitment to decentralization, it is preparing to launch a DAO governance model for the ZKasino chain.It is reported that the DAO will give ZKAS token holders a voice in the future direction of ZKasino. The DAO organization will have potential use cases such as changing game contracts, adding new games, community initiatives, and platform upgrades.