The cryptocurrency betting platform ZKasino is currently under scrutiny as users encounter difficulties with withdrawals, raising doubts about the platform's reliability.

Compounding concerns, rumors surfaced regarding the ban of ZKasino's official Telegram channel. However, while there was speculation about its status, crypto.news confirmed that the account remains active.

Despite inquiries, ZKasino has yet to respond to requests for comment.

A significant cause for apprehension emerged with the revelation that ZKasino's deposit wallet contains a substantial amount of 10,500 Ether (ETH), valued at approximately $32 million. This revelation has prompted inquiries into the platform's financial operations and management practices.

The situation is exacerbated by previous allegations of fraud leveled against the ZKasino team. These accusations, underscored in a post by ZigZag founder Kedar Iyer, have contributed to a growing sense of distrust surrounding ZKasino.

According to Iyer, members of the ZKasino team defrauded several former contractors and employees by failing to remunerate them for their work in developing the platform.

In his social media post, Iyer openly criticized ZKasino founders, alleging diversion of funds intended for ZigZag frontend developers to ZKasino development.

Furthermore, crypto journalist Colin Wu highlighted a modification to ZKasino's bridge interface, drawing attention to the removal of a crucial statement regarding the return and bridging of Ethereum funds. This alteration, documented by the Wayback Machine, has raised concerns among users regarding the platform's transparency, motives, and operational protocols.

To compound matters, the cryptocurrency exchange MEXC has announced the postponement of ZKasino's native token, ZKAS, listing and withdrawal. This suspension affects deposits made in ZKAS, leaving users unable to access their funds or utilize the betting platform as intended. While MEXC did not specify the reason behind the suspension, it has disrupted user access and further heightened apprehension surrounding ZKasino.