Over $20 million worth of bridged Ether has been mysteriously sent back to the ZKasino wallet after users accused the platform founders of an exit scam a few weeks ago. A feed set up to recover funds from the scam confirmed that around $21 million worth of wstETH had returned to the project's multisignature wallet, leading to speculation that investors might finally receive their funds as promised initially.

A significant portion of the missing funds from the heist has been returned, raising questions about a possible refund for the victims. ZKasino had initially offered an airdrop in ZKAS tokens to users who bridged ETH to the platform, pledging to return the ETH. However, instead of fulfilling their promise, the project sent around $33 million worth of users' bridged Ethereum to the staking protocol Lido Finance.

Following accusations of an exit scam, a suspect was arrested by Dutch authorities and a significant amount of cryptocurrencies and assets were seized. Despite the arrest, illicit funds are still moving on-chain, suggesting that other potential attackers might still be at large. Nonetheless, the recent return of funds to the project's multisig has given hope to the victims of the scam.

In April, the crypto community witnessed several scams and hacks, with $25.7 million worth of cryptocurrency lost, excluding the ZKasino incident. This figure represents the lowest historical loss since 2021, according to data from on-chain intelligence firm CertiK.