ZachXBT accuses zkSNARKs of being an eight-figure rug pull

On-chain investigator ZachXBT has accused the Zcash NFT project zkSNARKs of being an eight-figure rug pull. According to reports, the project raised $17 million through a blind auction despite having no utility. ZachXBT noted that the team secured a 10% allocation and 5% royalties with a minting cost of only $2,000, comparing the launch to previous Ordinals scams.