zkSync Slumps: OKX CEO Gives Counter-Narrative

• zkSync faces backlash after airdrop, labeled a “rip-off” by some.
• OKX CEO Star Xu questions the criticism, citing airdrop disappointment.
• Trade leaders like Justin Solar and Binance’s He Yi be part of the controversy.

OKX CEO Star Xu has questioned the rising criticism surrounding zkSync, a layer-2 scaling resolution for Ethereum. Many have accused zkSync of being a “rip-off,” notably within the wake of its current airdrop. Xu, nevertheless, has raised the chance that this backlash would possibly stem from disappointment over the airdrop’s distribution.

The put up on X (previously Twitter) got here in response to a message posted by influencer Sarkesh, a outstanding voice on the X platform. In a put up dated June 14, Sarkesh asserted that zkSync is “trending as the largest scammer.” Including that zkSync is now not thought-about the very best layer 2 community, Sarkesh said, “Not solely will we not use your community for the remainder of our lives, we are going to do all the things to destroy you.”

Based on Wu Blockchain, zkSync obtained quite a lot of criticism after its token itemizing on Bybit. Trade figures, together with TRON founder Justin Solar, Binance co-founder He Yi, and Star, reportedly raised issues over the matter, highlighting numerous views.

Whereas Solar inquired if a boycott is important, Binance’s Yi commented that the allegations might have risen from customers not receiving the airdrop. Star’s put up in response to Sarkesh’s criticism of zkSync learn:

“Why quite a lot of crypto influencers blame zkSync as a rip-off? Is it due to the airdrop doesn’t meet the unique neighborhood expectations?”

In the meantime, cryptocurrency analyst Adam Cochran criticized the zkSync airdrop, asserting that it wasn’t a “well-planned airdrop from a Sybil assault prevention perspective.” He added, “Actual customers might simply have interacted with 1-2 dApps or solely a handful of tokens in your chain when it’s so new and has so few initiatives.”