Amber Group and HashKey Capital Question ZKX’s Abrupt Closure

• Amber Group addresses itself as the investor of ZKX, holding nearly 3 million ZKX tokens.
• ZKX recently closed its platform, citing minimal user engagement and revenue decline.
• HashKey Capital and Amber Group questioned ZKX’s abrupt closure, highlighting the significance of transparency.

Investors and market makers have responded to the abrupt closure of the Starknet-based social derivatives trading platform ZKX. In a recent X post, Amber Group, a prominent crypto company, addressed itself as an investor in ZKX, holding nearly 3 million ZKX tokens.

In light of recent developments with ZKX, while we honor our contractual confidential obligations with our clients including ZKX, we’d like to share our perspective and necessary information as an investor and market maker to promote transparency and support the community. We… https://t.co/Erx038azsH

— Amber Group (@ambergroup_io) August 3, 2024

On July 31, ZKX founder Eduard Jubany Tur announced without prior notification that the ZKX protocol was being discontinued. He pointed out several key factors that led to the platform’s shutdown. He posited that user engagement has become “minimal,” with onl…

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