Amber Group: Currently holds 3 million ZKX; ZKX ceased operations without prior communication
7x24h News
Amber Group: Currently holds 3 million ZKX; ZKX ceased operations without prior communication
ZKX investor and market maker Amber Group issued a statement last night regarding the sudden shutdown of ZKX. Amber Group disclosed that it currently holds 3 million ZKX tokens, including 1 million obtained through loans and 2 million net purchased from the market. The company stated that since ZKX's token generation event (TGE), due to lack of buying interest, they have been consistently net buyers—even amid falling prices—to maintain liquidity. Amber Group emphasized that ZKX's abrupt announcement on July 30 to cease operations was made without prior communication, setting a negative precedent. The firm called for greater industry transparency, stressing that clear communication is crucial for building trust, and urged the ZKX team to take action and address the current situation in a more transparent manner.
Navigating Web3 tides with focused insightsTechFlow news: Last night, Amber Group, an investor and market maker in ZKX, issued a statement regarding the sudden shutdown of ZKX.
Amber Group disclosed that it currently holds 3 million ZKX tokens, including 1 million acquired through loans and 2 million net purchased from the market. The company stated that since ZKX's token generation event (TGE), due to lack of buying interest, they have consistently been net buyers—despite falling prices—to maintain liquidity.
Amber Group emphasized that ZKX's abrupt announcement on July 30 to cease operations was made without prior communication, setting a negative precedent. The firm called for greater industry transparency, stressing that clear communication is crucial for building trust, and expressed hope that the ZKX team will take action to resolve the current situation in a more transparent manner.
