ZKX investors and market makers were surprised by the suspension and did not receive any prior warning
ChainCatcher news, according to The Block, investors and market makers involved in the recently closed ZKX expressed that they were surprised by the closure announcement and did not receive any prior warning. Ye Su, founder of ArkStream Capital, stated on X, "When ZKX closed, we, as investors, had no information at all. The team claimed they ran out of money, refused to provide any financial or expenditure details, and did not communicate with us." HashKey Capital echoed Su's concerns in its own post, complaining that ZKX failed to share its financial status and future plans with the venture capital firm.Amber Group, which claims to be an investor and market maker for ZKX, stated that after returning half of its initial loan of 2 million tokens and purchasing 2 million tokens as part of its market-making operations since the token generation event, the company holds 3 million ZKX tokens. "Due to the lack of buying interest at launch, and our commitment to providing ongoing liquidity, we have been net buyers of ZKX tokens since listing, even as prices have fallen. This approach aligns with our commitment to supporting the project and its community, ensuring market conditions remain stable, even at our own expense." "Starting a business inherently involves risks and the possibility of failure, so open communication, transparency, and accountability are invaluable qualities for founders. We hope founders recognize that a good reputation is an important asset for securing future financing."The founder of ZKX defended against accusations of deceiving investors, arguing that prior notice could harm the protocol.
