🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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Details: https://www.gate.io/announcements/article/44619
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The ZKasino team continuously misappropriates user funds to leverage long ETH, with an average leverage cost of $3402.
On November 26th, according to EmberCN monitoring, the ZKasino project party has been continuously leveraging user funds to go long on ETH. In the past 2 hours, they have borrowed 12.38 million DAI from Aave through a loop lending method to purchase 3,723 ETH. They have already borrowed a total of 31.937 million DAI from Aave using 10,535 ETH owned by users as margin to purchase 13,040 ETH. The average cost of these leveraged ETH purchases is $3,402, and they are currently at a floating loss.