ZKasino, a crypto gambling platform currently under investigation by Dutch authorities for alleged scam activities, has announced a limited 72-hour window for users to reclaim their Ethereum (ETH). The platform claims that users can bridge back their ETH at a 1:1 ratio, offering a chance to recover funds that had been held hostage for nearly two months.

In April, ZKasino abruptly changed its token redeeming policies around the time of its launch. This policy shift prevented investors from reclaiming their bridged ether tokens, which had been initially promised by the project. By the time of the launch, over 10,000 investors had already bridged more than $33 million worth of crypto on ZKasino. These funds were converted into ZKAS tokens at an inflated price without user consent, leading to widespread scam allegations.

Now, these users, referred to as "bridgers," have been given a narrow window from May 28 at 14:00 UTC to May 31 at 14:00 UTC to register for the reclaim process. To participate, users must deposit their first received batch of ZKAS bridge rewards back to the platform, forfeiting any future releases of ZKAS tokens scheduled over the next 14 months.

The sign-up process is restricted to the original ETH deposit addresses through which the ZKAS bridge rewards were initially received. Participants are required to connect to the ZKasino network via its website, which will automatically verify the original deposit address. During this process, users must deposit their full balance of ZKAS tokens from these addresses, with allowances made for deductions needed to cover transaction gas fees.

The platform’s founder, Ildar Elham, also known as Derivatives Ape, has a controversial history involving previous failed crypto projects such as ZigZagExchange and Syncus. This history continues to raise concerns about the platform’s operations and the veracity of its latest claims.

This development follows the arrest of a 26-year-old man associated with ZKasino, widely believed to be Elham. Dutch investigators seized physical and digital records and various assets worth 11.4 million euros ($12.2 million), including real estate and cryptocurrencies, according to the Fiscal Information and Investigation Service of the Netherlands (FIOD).

The reclaim window offers a glimmer of hope for affected users, but the platform's troubled history and ongoing legal scrutiny leave many questions unanswered. As the deadline approaches, users must weigh the risks and potential benefits of participating in the reclaim process.