3 Million ZKX Currently Held by Amber Group, What Happens?

Bittime - ZKX suddenly shut down on July 30, surprising the crypto community. Amber Group, holder of 3 million ZKX, called for better transparency and communication from the ZKX team to maintain investor confidence.

Sudden Closure of ZKX

Shocking news comes from Chao TechFlow regarding the latest developments involving the ZKX token and Amber Group, a well-known investor and market maker. Amber Group's statement released last night emphasized the sudden closure of ZKX and the impact it has had on the investment community.

With no prior communication, ZKX suddenly ceased operations on July 30th. Amber Group sees this move as a bad precedent in a crypto industry that relies heavily on communication and transparency. Many people, including investors and loyal ZKX users, had concerns and questions about this sudden closure.

3 Million ZKX Currently Held by Amber Group

Group Amber announced that they currently own 3 million ZKX tokens, with ownership details consisting of 2 million tokens purchased from the market and 1 million tokens which are loans. They have made token purchases to maintain liquidity in the market, mainly due to low buying interest even though the token price has fallen.

Amber Group Transparency Demands

Amber Group emphasizes the transparency of the crypto industry. They argue that building trust between crypto projects and their investors requires clear and open communication. They hope the ZKX team will take action to resolve this issue in a clearer and more honest manner.

Implications for the Crypto Industry

These results indicate that crypto projects face challenges in maintaining community and investor trust. Investors can lose trust and interest due to lack of transparency and poor communication, which will ultimately disrupt the progress and stability of the project itself.

What Will Happen Next?

The current situation is unclear. Amber Group hopes that the ZKX team will immediately provide a clear explanation regarding this sudden closure and take the necessary actions to rectify the situation. The crypto community will keep an eye on these developments in the meantime.

Conclusion

The crypto community has been concerned about the sudden closure of ZKX. Amber Group, as the main holder of ZKX tokens, calls for better transparency and communication to maintain stability and trust in the market. To ensure the future growth and sustainability of crypto projects, steps like these are essential in this fast-moving industry.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.