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zkSNARKs NFT (Zcash)

avoid.net/zksnarks-nft-zcash→27/100·62% conf.
[AI-DRAFTED · AWAITING FACT-CHECK]

Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 22 → 27. Problems weighed by who is responsible: the subject's own conduct −40, concerns that are not fraud −6, problems around the subject, caused by others −1.9. Version history →

Why this score
Every page starts at65
The subject's own conduct-40
Concerns that are not fraud-6
Problems around it, caused by others-1.9
Sum17

Score: 27/100 (kept between 0 and 100)

How scoring works →
anchored·4G6gJk…Lbd9
last updated 2026-10-10

Summary

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 entity

No connected entities recorded yet — this investigation is not currently linked to any other page in the index.

Have evidence about zkSNARKs NFT (Zcash)?

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 / Paragraph

18 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 / Paragraph

19 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 English

19 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.

CryptoBriefing
Provenance & Audit Trail
Recorded on Solana ✓Verify on-chain12 Wayback Archives

Decision Log

  • #2rescore+5Recorded on Solana ✓10/10/2026, 6:40:16 PM
    slot 455358609 · hash 6zAr8hT23prH8WcKPkmJv8atx55kTvi6MASh17dJQdfo
  • #1publishRecorded on Solana ✓9/19/2026, 5:06:17 PM
    slot 448470157 · hash 2HLTkux3Kd57wvDFbwQJYA9p5EE3JYf8CuXkXbLEiWz2

This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 12 of 12 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 9/19/2026, 5:06:10 PM

last updated: 10/10/2026, 6:40:16 PM

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