PANews reported on November 28 that according to monitoring by on-chain analyst Ember, the ZKasino project team continued to lend 9.36 million DAI to purchase 2,603 ETH 5 hours ago.
After depositing 10,535 ETH of users into Aave as margin, they have lent out 53.77 million DAI to buy 15,645 ETH to leverage long ETH. The average price of ETH bought through leverage is $3,437.
With the sharp rise in ETH, the ZKasino project team has made a floating profit of 3.22 million US dollars by misappropriating users' ETH as margin leverage for long operations.
