zkSNARKs NFT (Zcash)
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anchored·4G6gJk…Lbd9Summary
zkSNARKs is a 10,000-piece profile-picture NFT collection launched on the Zcash blockchain in September 2026. The project raised approximately $17 million through a blind auction of 8,000 units at a clearing price of 1.5 ZEC each. On September 19, 2026, on-chain investigator ZachXBT publicly accused the anonymous project team of extracting funds while delivering no governance infrastructure, community tools, or ecosystem integrations as promised, characterizing the launch as an eight-figure money grab comparable to prior Ordinals exit schemes.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(4 events)
17 September 2026
48-hour blind auction for 8,000 zkSNARKs NFTs concludes on Zilkroad at a clearing price of 1.5 ZEC per unit, generating approximately 25,305 ZEC (~$36.94 million) in total bid volume. Approximately 13,309 ZEC (~$19.43 million) is refunded to unsuccessful bidders; the project retains approximately 12,000 ZEC (~$17.5 million).
OnChainDiary / Paragraph18 September 2026
NFT community figure LeonidasNFT publicly alleges that members of the anonymous zkSNARKs team were previously involved in Ordinals-related scam projects. The claims are unverified and no named individuals or specific prior projects have been confirmed.
OnChainDiary / Paragraph19 September 2026
On-chain investigator ZachXBT publicly accuses the zkSNARKs project of being an 'eight-figure money grab,' alleging the team collected approximately $17 million while delivering no governance framework, community access tools, or ecosystem partnerships as promised. ZachXBT draws comparisons to prior Ordinals exit schemes.
PANews English19 September 2026
Multiple crypto news outlets — including CryptoBriefing, Cryptonomist, KuCoin News, Phemex News, and ChainCatcher — publish coverage of ZachXBT's allegations. No response from the zkSNARKs team is reported.
CryptoBriefingDecision Log
- hash: 2HLTkux3Kd57wvDFbwQJYA9p5EE3JYf8CuXkXbLEiWz2
This investigation is cryptographically anchored to the Solana blockchain (1 event). 12 of 12 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/19/2026, 5:06:10 PM
last updated: 9/19/2026, 8:50:15 PM
2 viewsavoid.net — verified advice for a post-truth world