In a dramatic turn of events, a wallet associated with ZKasino’s $40 million scam has suffered a loss exceeding $27 million due to liquidation of a leveraged position. The crypto community views this setback as karmic justice following the platform’s activities. Launched in April 2024, ZKasino attracted users by promising an enticing airdrop of its native token in exchange for bridging Ether (ETH) to their service. Ultimately, users found that ZKasino redirected approximately $33 million of their ETH to the Lido Finance staking protocol instead of fulfilling its promises. This incident highlights the risks present in the crypto landscape and serves as a cautionary tale for investors.