ChainCatcher news, Big Brain Holdings stated on social media that it invested in the ZigZag Exchange project in 2022, resulting in financial losses. Some former founders of the project are now members of the ZKasino project team. Big Brain Holdings stated that it has never invested in ZKasino and has neither received nor will accept its token distribution.ChainCatcher previously reported that the Web3 entertainment platform ZKasino announced the completion of its Series A financing with a valuation of $350 million, with participation from MEXC, Big Brain Holdings, Trading_axe, Pentoshi, and Sisyphus.

ChainCatcher news, the decentralized exchange ZigZag based on zkSync Lite announced on social media that it will shut down operations this week due to regulatory pressure.It is reported that the zkLite Exchange team has forked the project's code and launched an alternative platform.

ChainCatcher news, the zkSync DEX project ZigZag has accused the ZKasino team of fraudulent behavior. ZigZag claims that the initial funds used to establish ZKasino were stolen from the ZigZag Treasury, and that the founder of ZKasino is a fundraiser for ZigZag and a 3/5 signer of the multi-signature. ZigZag raised $15 million, which was sent to an address controlled by the founder of ZKasino, and ZigZag has never controlled this money; the $40 million ecosystem fund announced by ZKasino is false and is unlikely to ever be paid out in any real currency. The ZKasino team has not yet responded to this.

ChainCatcher message, Ethereum Layer 2 ecosystem DEX project ZigZag founder Kedar borrowed the official account to post on social media, stating that most of the revenue from the decentralized betting platform ZKasino is fabricated, and users should participate in their ICO activities with caution.Kedar stated that the incompetence and fraudulent behavior of some team members have made it difficult to run the company, which is a significant reason for ZigZag's minimal progress since its early launch. However, he will do his best to revive the project and continue operating it without these individuals, although specific operational outcomes cannot be guaranteed. The founder of Zkasino (Derivatives Monke) is a team member of ZigZag and is responsible for the funds lost by investors. Currently, Kedar has no evidence to suggest that any theft is involved in the losses. It is simply due to Monke's incompetence, but indeed a lot of money has been lost.Kedar emphasized that Zkasino founder Derivatives Monke has a history of fabricating Telegram and social media chat records and may again refute him through misinformation. He welcomes investors and other project founders to call him directly for information verification.

ChainCatcher news, DEX ZigZag on zkSync tweeted that the privacy-supporting ZK-Rollup DEX Invisible has launched on the testnet. Invisible is an order book exchange that allows users to trade funds privately. Users can access the testnet without Goerli ETH; they only need to sign a message to participate in the testing. Users can apply for ETH, USDC, and BTC for testing on the "Deposit/Withdrawal page" without the need for wallet transaction confirmation.ChainCatcher previously reported that on July 25, ZigZag founder Crypto Gecko tweeted that the new project Invisible plans to launch as an independent project, aiming to raise $500,000 at a valuation of $10 million, with a minimum participation amount of $10,000 to cover auditing, ZK provers, and initial operating costs. In the later stages, all fees collected by the project will belong to token holders, and a significant portion of the tokens (at least 20%) will eventually be released to ZZ holders.

ChainCatcher message, the founder of the Ethereum Layer 2 ZK Rollup order book DEX ZigZag plans to raise $500,000 for its new DEX project Invisible at a valuation of $10 million. This will be a round of public financing, with a minimum payment amount of $10,000. The funds raised will be used to cover auditing, ZK provers, and initial operating costs.Invisible will be launched as an independent project, with a portion of the platform tokens (at least 20%) ultimately unlocked and released to ZZ holders. The exchange will charge fees and generate revenue from the outset, with all fees eventually going to the token holders.

ChainCatcher news, DEX ZigZag on zkSync launches cross-chain trading tool Zap. Zap supports cross-chain trading between EVM and non-EVM chains, and allows developers to further develop based on Zap.ZigZag stated that Zap will soon support the Bitcoin Lightning Network, enabling users to directly trade Ethereum for Bitcoin or assets on non-EVM chains like SOL in a single transaction. (source link)

ChainCatcher news, Ethereum Layer 2 ZK Rollup order book DEX ZigZag has announced the integration of the crypto market-making bot Hummingbot. Advanced traders can now build automated strategies on Hummingbot's order book through the latest version of Arbitrum and connect to ZigZag Exchange. (Source link)

ChainCatcher news, ZK Rollup order book DEX protocol ZigZag tweeted that it has launched a new order book DEX on Arbitrum and will soon add the Meta Trade feature.It is reported that Meta Trade will provide a Web2-like experience through two components: Forwarder and Session Keys, where Forwarder allows transaction fees to be paid with any token, not just ETH. Additionally, ZigZag will soon go live on zkSync Era. (source link)

ChainCatcher news, ZK Rollup order book DEX ZigZag tweeted that the airdrop has been completed, with over 100,000 users receiving the ZigZag token ZZ airdrop, accounting for 34% of the total supply. The ZigZag token will share the fee revenue generated on ZK-Rollups, including spot/margin trading and perpetual contracts, and a DEX will be launched soon. ZigZag will participate in DAO governance, with a governance forum featuring proposal and voting functions to be launched after the zkSync Era. The internal market makers of ZigZag have now stopped bidding and asking for the native token, and from today, the ZZ token will float freely, allowing the market to determine its pricing and provide liquidity, with the listing of exchange tokens also decided by the community.Previously reported, on February 24, ZigZag announced an airdrop for seven types of users, including traders, Gitcoin donors, Atlendis LPs, IDO participants, MM bots, Discord members, and POAP holders, with a total of about 110,000 addresses for the airdrop and a total of approximately 35 million ZZ tokens, accounting for 35% of the total supply. (source link)

ChainCatcher news, according to the official announcement, cryptocurrency exchange Bitget has launched a deposit reward and wealth management activity for the ZigZag token ZZ. From March 1, 15:00 to March 6, 15:00 Beijing time, users with a net deposit of at least 100 tokens can receive a reward of 10 BGB. During the event, users can subscribe to ZZ's flexible wealth management at the same time. (Source link)

ChainCatcher news, ZK Rollup order book DEX ZigZag founder Kedar tweeted that 12,000 witch addresses have been confirmed. The standard for witches is having more than 10 accounts with identical L1 + zksync activity, while users with only 3-4 regular addresses are currently not marked. Marked witch addresses will not receive airdrops, and this portion of tokens will be returned to regular users in the form of a "loyal user airdrop," with an announcement to be released as soon as possible.Previously reported, on February 24, ZigZag announced airdrop information, with a total of 7 rounds of airdrops (the first round has been completed), distributing airdrops to approximately 110,000 addresses, with a total airdrop amount of 35 million ZZ. (source link)

ChainCatcher news, Ethereum Layer 2 ZK Rollup order book DEX ZigZag announces airdrop information, a total of 7 rounds of airdrops (the first round has been completed), with approximately 110,000 addresses receiving the airdrop, totaling 35 million ZZ (accounting for 35% of the total supply). (source link)

ChainCatcher news, ZK Rollup order book DEX ZigZag founder Kedar stated that the first proposal suggests that users with a trading volume in the top 100,000 can receive a 300 ZZ airdrop reward. (There are a total of 500,000 trading users, with 30 million ZZ Tokens available for airdrop) The snapshot time is likely to be December 31, 2022.The airdrop for trading users will be controlled within 30% of the total ZZ supply. By the end of the airdrop period, the number of ZZ Tokens held by the community will exceed that held by investors and the team. Gitcoin donors will be compensated in future airdrops. (source link)

ChainCatcher news, the native DEX ZigZag built on ZK Rollups announced via tweet that it will conduct the first round of token airdrops to reward early market makers. This round of airdrops is aimed at users who run market-making bots on the platform and complete orders, with approximately 2% of the total ZigZag token supply being airdropped. A snapshot of eligible market makers was taken on January 17 at 14:00, with each market maker set to receive at least 100 ZZ tokens.It is reported that the tokens will be automatically airdropped around January 20 at 14:00 Beijing time, with no manual claim required. ZigZag is formulating other airdrop rounds, standards, and snapshots, which are still under discussion. (source link)

ChainCatcher news, according to the decentralized trading protocol ZigZag, has been rapidly developing new features and improvements since the FTX incident to provide users with a viable alternative to CEX. ZigZag will release new QoL features that will make the exchange more user-friendly and competitive with CEX. (source link)

ChainCatcher news, according to the official Twitter, the Ethereum Layer 2 ZKRollup order book DEX ZigZag has released a new roadmap, showing that it will launch a liquidity pool next year, planning to expand the trustless and permissionless DEX model to commodity futures trading, creating a decentralized solution "comparable to current securities exchanges." (source link)