Big Brain Holdings Denies Investment in Scam-Alleged ZKCasino

IconCrypto News Terminal22 Apr, 2024

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Big Brain Holdings Denies Investment in Scam-Alleged ZKCasino

Crypto venture capital firm Big Brain Holdings has denied investing in decentralized crypto gambling network ZKCasino, following scam allegations that the platform halted user withdrawals. ZKCasino claimed in a now-deleted post that it had secured $26 million in Series A funding from notable industry players, including Big Brain and MEXC. However, Big Brain Holdings clarified that it had not proceeded with the investment. “While we did receive a token investment proposal from ZKCasino, we did not proceed with the investment. We previously invested in crypto exchange ZigZag (ZZ), whose founder later joined ZKCasino,” said Big Brain Holdings. Despite the denial, the crypto community remains skeptical. They point out that ZKCasino had listed Big Brain Holdings as an investor for a considerable time, leading to questions about the validity of the denial. Previously on 22nd April 2024, Big Brain Holdings denied investing in ZKCasino amidst scam allegations that the platform had halted user withdrawals. The firm stated that it had received a token investment proposal but did not proceed with the investment.

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