⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Ethereum Altcoin ZKsync Faces Backlash Amid Controversial Bybit Listing

  • The announcement of the listing of Ethereum Layer-2 token ZKsync (ZK) by the popular cryptocurrency exchange Bybit has sparked widespread reactions.
  • Recently, following a controversial airdrop distribution, Bybit revealed its plans to list ZKsync. The announcement was met with considerable backlash from social media users, drawing comments from Tron (TRX) founder Justin Sun and OKX CEO Star.
  • Justin Sun, on the day the airdrop criteria were disclosed, expressed his concerns publicly, questioning the integrity of the ZKsync project.

Bybit’s ZKsync Listing Sparks Industry-wide Debate

Mixed Reactions to Bybit’s ZKsync Listing

Bybit’s recent decision to list ZKsync has been met with significant backlash within the crypto community. Initial reactions point to dissatisfaction tied to the earlier airdrop distribution, which has been labeled as controversial by many stakeholders. Both high-profile figures and everyday users have voiced their displeasure, painting a broader picture of unrest.

Justin Sun and Community Skepticism

Tron founder Justin Sun took to social media to voice his skepticism regarding the ZKsync project. Sun questioned whether the community should boycott the release, citing concerns regarding the project’s treatment of users. His statements have fueled the ongoing debate, prompting a vote on whether ZKsync should be listed on Huobi, where early results indicated a significant majority against the listing.

Concerns Raised by Industry Leaders

OKX CEO Star also entered the discussion, addressing the growing criticism marked by the use of “Zkscam” hashtags by numerous influencers. Star’s comments emphasized the reasons behind the community’s accusations, which primarily revolve around unmet expectations from the airdrop campaign. The notion that ZKsync did not live up to its potential has been a recurring theme in the ensuing discourse.

Repercussions for ZKsync

The controversy surrounding ZKsync and its airdrop has not only affected its immediate perception but has also raised questions about the diligence and fairness involved in its rollout. Community trust appears to be eroding, with many influential voices labeling the project as fraudulent. The ongoing debate highlights the criticality of transparent practices and community engagement in the volatile world of cryptocurrencies.

Conclusion

The backlash against Bybit’s listing of ZKsync underscores the need for transparency and reliable communication within the crypto industry. As prominent figures like Justin Sun and OKX’s Star scrutinize the project, it remains crucial for ZKsync and similar projects to address community concerns comprehensively. Moving forward, this situation offers valuable lessons on maintaining trust and credibility in crypto ventures.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin Falls Below $118,000 Amid 0.46% 24-Hour Decline, Ethereum Drops Under $3,800

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Binance Launches TREE 1-75x USDT-Margined Perpetual Contract and Financial Services on July 29, 2025

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Antelope Enterprise Holdings Secures $50M Financing from Streeterville Capital to Purchase Bitcoin

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Digital Asset Aims to Raise $3 Million CAD to Boost Instant Bitcoin Settlement on Lightning Network

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

ZOOZ Power Ltd. Unveils $180M Private Placement to Boost Bitcoin Treasury Strategy

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Near $119K as Altcoin Momentum Suggests Potential Market Shift

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP Shows Signs of Increased Redistribution Risk as $3.15 Support Zone Faces Potential Pressure

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Ethereum Treasury Firms Could Expand Holdings Tenfold, Potentially Influencing Prices Above $4,000

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

InternetX May Tokenize 22 Million Domains Using Ethereum-Based Doma Protocol for Web3 Integration

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Jim Cramer Suggests Bitcoin Could Serve as Hedge Amid Economic Uncertainty

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

SharpLink’s Growing Ethereum Holdings Suggest Continued Institutional Interest in ETH Treasury Strategies

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

XRP Could Potentially Reach $1,000 by 2030, Says Former Goldman Sachs Analyst

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img