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🎁🚀🎁🚀 The "Underground" Airdrop Season Is About to Start (And It’s Bigger Than You Think) 🎁🚀🎁🚀 👇👇👇 Everyone talks about airdrops... but only a few prepare smartly. 2025 is lining up to be the biggest airdrop year ever. Blast, zkSync, LayerZero... and several secret ones brewing 👀. 3 Actions you MUST take: - Bridge to L2s 🌉 - Use dApps early 📱 - Stake early and HODL 🧠 FREE MONEY is coming — but you must ACT NOW. Which airdrop are you grinding for? Share your list! 🔥 #Airdrop #CryptoAirdrop #BinanceSquare #Zksync #LayerZero
🎁🚀🎁🚀 The "Underground" Airdrop Season Is About to Start (And It’s Bigger Than You Think) 🎁🚀🎁🚀

👇👇👇

Everyone talks about airdrops... but only a few prepare smartly.
2025 is lining up to be the biggest airdrop year ever.
Blast, zkSync, LayerZero... and several secret ones brewing 👀.
3 Actions you MUST take:
- Bridge to L2s 🌉
- Use dApps early 📱
- Stake early and HODL 🧠
FREE MONEY is coming — but you must ACT NOW.
Which airdrop are you grinding for? Share your list! 🔥

#Airdrop #CryptoAirdrop #BinanceSquare #Zksync #LayerZero
Pashaali-321:
😂😂😂😂
🟢 USDC Just Got Bigger in 2025! USDC is now live on zkSync, Polkadot, and Base – making transfers faster, cheaper, and more flexible across chains. ✅ Native on 15+ blockchains ✅ 1:1 backed by real USD ✅ Ideal for DeFi, trading & payments Stable. Fast. Trusted. #USDC #zkSync #Base #Polkadot #Web3
🟢 USDC Just Got Bigger in 2025!

USDC is now live on zkSync, Polkadot, and Base – making transfers faster, cheaper, and more flexible across chains.

✅ Native on 15+ blockchains
✅ 1:1 backed by real USD
✅ Ideal for DeFi, trading & payments

Stable. Fast. Trusted.

#USDC #zkSync #Base #Polkadot #Web3
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Bullish
#AirdropFinderGuide How to Claim Free Crypto: Want free crypto? -Airdrops- are a great way to earn tokens—if you know where to look! Here’s a quick guide: 1️⃣ Follow Projects Early – Join new #DeFi & #Web3 ecosystems before token launches. 2️⃣ Stay Active – Engage in testnets, governance, or social tasks to qualify. 3️⃣ Use Airdrop Aggregators – Sites like _Airdrop Alert & CoinMarketCap track live drops. 4️⃣ Secure Your Wallet – Never share private keys! Use a dedicated wallet for airdrops. Popular recent airdrops include #STARKNET , #Eigenlayer & #Zksync . Missed out? More are coming! Pro Tip: Beware of scams—always verify official links. Ready to hunt? #CryptoAirdrops
#AirdropFinderGuide

How to Claim Free Crypto:
Want free crypto? -Airdrops- are a great way to earn tokens—if you know where to look! Here’s a quick guide:

1️⃣ Follow Projects Early – Join new #DeFi & #Web3 ecosystems before token launches.
2️⃣ Stay Active – Engage in testnets, governance, or social tasks to qualify.
3️⃣ Use Airdrop Aggregators – Sites like _Airdrop Alert & CoinMarketCap track live drops.
4️⃣ Secure Your Wallet – Never share private keys! Use a dedicated wallet for airdrops.

Popular recent airdrops include #STARKNET , #Eigenlayer & #Zksync . Missed out? More are coming!

Pro Tip: Beware of scams—always verify official links.

Ready to hunt?
#CryptoAirdrops
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Bearish
See original
Holders of locked cryptocurrencies face losses as $40 billion worth of coins are set to launch! Investors holding locked cryptocurrencies have incurred significant losses over the past year, according to data published by Tarun Sabharwal, founder of STIX. Locked cryptocurrencies refer to coins that have a portion of the total supply locked and will only unlock after a certain period specified in the project's white paper. For instance, Project X has a total supply of 100 billion coins, of which 50 billion are locked and will unlock in 2026. Returning to the subject of our article, between May 2024 and April 2025, the average decline in the value of locked coins from off-exchange (OTC) trading valuations to current spot prices was about 50%. Sabharwal's analysis indicated that many investors missed exit opportunities at double price levels during 2024, as ongoing market pressures continued to push cryptocurrency values down. Although unissued coin deals are often made with long-term investment expectations, most projects recorded notable declines, with the value of Scroll (SCR) and Blast (BLAST) dropping by 85% and 88% respectively, while Eigenlayer (EIGEN) fell by 75%. Projects like ZKsync (ZK) experienced a decline of 64%, Wormhole (W) by 50%, and io.net (IO) by 48%.
Holders of locked cryptocurrencies face losses as $40 billion worth of coins are set to launch! Investors holding locked cryptocurrencies have incurred significant losses over the past year, according to data published by Tarun Sabharwal, founder of STIX.

Locked cryptocurrencies refer to coins that have a portion of the total supply locked and will only unlock after a certain period specified in the project's white paper. For instance, Project X has a total supply of 100 billion coins, of which 50 billion are locked and will unlock in 2026.

Returning to the subject of our article, between May 2024 and April 2025, the average decline in the value of locked coins from off-exchange (OTC) trading valuations to current spot prices was about 50%.

Sabharwal's analysis indicated that many investors missed exit opportunities at double price levels during 2024, as ongoing market pressures continued to push cryptocurrency values down.

Although unissued coin deals are often made with long-term investment expectations,

most projects recorded notable declines, with the value of Scroll (SCR) and Blast (BLAST) dropping by 85% and 88% respectively, while Eigenlayer (EIGEN) fell by 75%.

Projects like ZKsync (ZK) experienced a decline of 64%, Wormhole (W) by 50%, and io.net (IO) by 48%.
🌍 Ethereum’s Future as the Global Blockchain Foundation 🌍 According to PANews, Alex Gluchowski — founder of ZKsync and CEO of Matter Labs — recently shared deep insights on X about Ethereum’s critical role as the "World Computer." 🧠✨ Here are the key points he made: --- 🔹 Ethereum’s Strength = Product-Market Fit Gluchowski emphasized that Ethereum already fits perfectly with real-world applications like decentralized Nasdaq and SWIFT! 🏦⚡ He believes the Ethereum network itself is the ultimate moat against competitors. --- 🔹 Foundation of the Value Internet Ethereum is building the Value Internet, underpinned by credible neutrality — meaning it's secure, unbiased, and unstoppable. 🌐🔒 --- 🔹 ETH’s Long-Term Value If Ethereum retains its "World Computer" role, value will naturally flow into ETH, both directly and indirectly! 📈💎 --- 🔹 Multi-Chain Future Just like the internet doesn’t run on one server, the Value Internet won't rely on a single chain. Ethereum’s role will be to anchor a vast, decentralized blockchain world! 🔗🌍 --- 🔹 Key to Success Ethereum must leverage its core strengths — security, neutrality, and decentralization — to stay at the center of global finance and infrastructure. 🚀 --- 🌟 Conclusion: Ethereum’s future is NOT just about price pumps — it’s about becoming the invisible engine of the global financial world! 🌎💥 --- #Ethereum #ETH #ZKsync #Blockchain #BinanceSquare
🌍 Ethereum’s Future as the Global Blockchain Foundation 🌍

According to PANews, Alex Gluchowski — founder of ZKsync and CEO of Matter Labs — recently shared deep insights on X about Ethereum’s critical role as the "World Computer." 🧠✨

Here are the key points he made:

---

🔹 Ethereum’s Strength = Product-Market Fit
Gluchowski emphasized that Ethereum already fits perfectly with real-world applications like decentralized Nasdaq and SWIFT! 🏦⚡
He believes the Ethereum network itself is the ultimate moat against competitors.

---

🔹 Foundation of the Value Internet
Ethereum is building the Value Internet, underpinned by credible neutrality — meaning it's secure, unbiased, and unstoppable. 🌐🔒

---

🔹 ETH’s Long-Term Value
If Ethereum retains its "World Computer" role, value will naturally flow into ETH, both directly and indirectly! 📈💎

---

🔹 Multi-Chain Future
Just like the internet doesn’t run on one server, the Value Internet won't rely on a single chain. Ethereum’s role will be to anchor a vast, decentralized blockchain world! 🔗🌍

---

🔹 Key to Success
Ethereum must leverage its core strengths — security, neutrality, and decentralization — to stay at the center of global finance and infrastructure. 🚀

---

🌟 Conclusion:

Ethereum’s future is NOT just about price pumps — it’s about becoming the invisible engine of the global financial world! 🌎💥

---

#Ethereum #ETH #ZKsync #Blockchain #BinanceSquare
Airdrops Worth $5,000+ Coming in May 2025 – Don’t Miss TheseIf you’ve missed previous airdrops like $ARB , $OP , or $ZK — here’s your second chance. These 3 upcoming airdrops could be MASSIVE. Early users are being rewarded — you just have to do the right steps NOW: 1. zkSync (ZKS) How to qualify: Bridge ETH using zkSync Era. Use dApps like SyncSwap & Orbiter. Why: Mainnet launched. Token confirmed. Airdrop snapshot rumored soon. 2. LayerZero (ZRO) How to qualify: Bridge assets via Stargate. Interact with protocols using LayerZero (like Radiant or Tapioca). Why: One of the most anticipated multi-chain projects. High chance of $500+ airdrop for early users. 3. EigenLayer (EIGEN) How to qualify: Restake ETH using LSTs (stETH, rETH). Interact early with AVS protocols. Why: Backed by top VCs. Early participants expected to receive generous allocation. My Tip: Don’t just farm... participate like a real user. Small amounts across different wallets increase chances. CTA: If this thread helped you, drop a Tip or share with a fellow degen. May 2025 could be your airdrop payday! [Click Here New Challenge](https://www.binance.com/en/futures-activity/futures-arena?referral=979935062) #AirdropHunt #Zksync #BinanceSquare #CryptoTips #PassiveIncome

Airdrops Worth $5,000+ Coming in May 2025 – Don’t Miss These

If you’ve missed previous airdrops like $ARB , $OP , or $ZK — here’s your second chance.
These 3 upcoming airdrops could be MASSIVE. Early users are being rewarded — you just have to do the right steps NOW:
1. zkSync (ZKS)
How to qualify: Bridge ETH using zkSync Era. Use dApps like SyncSwap & Orbiter.
Why: Mainnet launched. Token confirmed. Airdrop snapshot rumored soon.
2. LayerZero (ZRO)
How to qualify: Bridge assets via Stargate. Interact with protocols using LayerZero (like Radiant or Tapioca).
Why: One of the most anticipated multi-chain projects. High chance of $500+ airdrop for early users.
3. EigenLayer (EIGEN)
How to qualify: Restake ETH using LSTs (stETH, rETH). Interact early with AVS protocols.
Why: Backed by top VCs. Early participants expected to receive generous allocation.

My Tip:
Don’t just farm... participate like a real user. Small amounts across different wallets increase chances.

CTA:
If this thread helped you, drop a Tip or share with a fellow degen. May 2025 could be your airdrop payday!
Click Here New Challenge

#AirdropHunt
#Zksync #BinanceSquare #CryptoTips #PassiveIncome
See original
Hacker returns 5 million dollars: ZKsync narrowly escapes disasterA serious hack nearly caused ZKsync – Ethereum's Layer-2 project – to lose nearly 5 million USD. But the unexpected happened: the hacker agreed to return the funds in exchange for a small reward and avoided criminal prosecution. Meanwhile, the overall picture of the crypto market shows a tumultuous quarter, with losses reaching 1.67 billion USD in just the first three months. The ZKsync attack: Hacker 'withdraws quietly', then suddenly turns back.

Hacker returns 5 million dollars: ZKsync narrowly escapes disaster

A serious hack nearly caused ZKsync – Ethereum's Layer-2 project – to lose nearly 5 million USD. But the unexpected happened: the hacker agreed to return the funds in exchange for a small reward and avoided criminal prosecution. Meanwhile, the overall picture of the crypto market shows a tumultuous quarter, with losses reaching 1.67 billion USD in just the first three months.

The ZKsync attack: Hacker 'withdraws quietly', then suddenly turns back.
See original
$ETH #Zksync 👀👻 💢The founder of ZKSync and CEO of Matter Labs spoke about the future of Ethereum: He stated that Ethereum as a "world computer" maintains a strong alignment between the product and the market, and its main advantage is the network itself, rather than the individual applications on it. Glukhovsky emphasized that Ethereum is the foundation of the value internet, with neutrality built on mathematics, open code, and deep decentralization. He noted that if Ethereum retains its status as a world computer, the value of the global payment and transaction infrastructure will flow directly or indirectly into ETH. At the same time, in his opinion, the value internet will not belong to just one blockchain — the future of Ethereum lies in the role of a reliable base layer for an extensive decentralized network. #EthereumFuture $ETH #Zksync
$ETH #Zksync

👀👻

💢The founder of ZKSync and CEO of Matter Labs spoke about the future of Ethereum:

He stated that Ethereum as a "world computer" maintains a strong alignment between the product and the market, and its main advantage is the network itself, rather than the individual applications on it.

Glukhovsky emphasized that Ethereum is the foundation of the value internet, with neutrality built on mathematics, open code, and deep decentralization.

He noted that if Ethereum retains its status as a world computer, the value of the global payment and transaction infrastructure will flow directly or indirectly into ETH.

At the same time, in his opinion, the value internet will not belong to just one blockchain — the future of Ethereum lies in the role of a reliable base layer for an extensive decentralized network.

#EthereumFuture $ETH #Zksync
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Bullish
See original
ZKsync successfully recovered 5 million USD in stolen ZK tokens 🔥🔥🔥 The attacker returned 5 million USD in stolen ZK tokens through a vulnerability in ZKsync's airdrop contract. The ZKsync ecosystem unexpectedly faced a serious attack on April 15th. The hacker infiltrated the governance wallet and took control of 111 million ZK tokens, worth about 5 million USD at that time. Fortunately, the attack only exploited a vulnerability in the airdrop distribution contract, without affecting the ZK token contract, core infrastructure, or user assets. Specifically, the hacker seized the “abandoned” tokens, meaning the amount of tokens that users had not yet claimed from the first airdrop in June 2024. After that, he converted about 3.5 million USD into Ethereum (ETH). Immediately following the security incident, ZKsync chose not to pursue legal action but proposed a soft yet effective solution. Within 72 hours of the incident, ZKsync sent an on-chain message to the attacker, proposing a “safe harbor” program: return 90% of the stolen assets to be pardoned and keep 10% as a bounty reward. The hacker agreed to this condition and returned the remaining tokens on time. As of early this morning (April 24th), ZKsync confirmed that the entire 5 million USD in ZK tokens had been successfully recovered. The community will vote on how to distribute this asset. Although the project has recovered the stolen assets, this incident still left a significant impact. The supply of ZK tokens was temporarily inflated, causing minor disruptions in the market. The price of ZK tokens did not react positively and even dropped nearly 4% after the recovery announcement. #Zksync #BTC
ZKsync successfully recovered 5 million USD in stolen ZK tokens 🔥🔥🔥

The attacker returned 5 million USD in stolen ZK tokens through a vulnerability in ZKsync's airdrop contract.

The ZKsync ecosystem unexpectedly faced a serious attack on April 15th. The hacker infiltrated the governance wallet and took control of 111 million ZK tokens, worth about 5 million USD at that time.

Fortunately, the attack only exploited a vulnerability in the airdrop distribution contract, without affecting the ZK token contract, core infrastructure, or user assets.
Specifically, the hacker seized the “abandoned” tokens, meaning the amount of tokens that users had not yet claimed from the first airdrop in June 2024. After that, he converted about 3.5 million USD into Ethereum (ETH).
Immediately following the security incident, ZKsync chose not to pursue legal action but proposed a soft yet effective solution.
Within 72 hours of the incident, ZKsync sent an on-chain message to the attacker, proposing a “safe harbor” program: return 90% of the stolen assets to be pardoned and keep 10% as a bounty reward. The hacker agreed to this condition and returned the remaining tokens on time.
As of early this morning (April 24th), ZKsync confirmed that the entire 5 million USD in ZK tokens had been successfully recovered. The community will vote on how to distribute this asset.
Although the project has recovered the stolen assets, this incident still left a significant impact. The supply of ZK tokens was temporarily inflated, causing minor disruptions in the market. The price of ZK tokens did not react positively and even dropped nearly 4% after the recovery announcement.
#Zksync #BTC
See original
Matter Labs sued for 'stealing' Plasma technology: Is layer-2 ZKsync standing on the shoulders of others?The blockchain ecosystem is once again shaken as Matter Labs – the developer of layer-2 ZKsync on Ethereum – has officially been sued for allegedly 'stealing technology' from its former partner BANKEX. The incident not only shakes trust in transparency within the blockchain development community but also raises significant questions about technological ethics in the open-source era. From cooperation to dispute: The broken relationship between BANKEX and Matter Labs

Matter Labs sued for 'stealing' Plasma technology: Is layer-2 ZKsync standing on the shoulders of others?

The blockchain ecosystem is once again shaken as Matter Labs – the developer of layer-2 ZKsync on Ethereum – has officially been sued for allegedly 'stealing technology' from its former partner BANKEX. The incident not only shakes trust in transparency within the blockchain development community but also raises significant questions about technological ethics in the open-source era.

From cooperation to dispute: The broken relationship between BANKEX and Matter Labs
ZKsync Recovers $5.7M in Stolen Crypto After Hacker Takes Bounty DealIn a major win for crypto security, ZKsync has successfully recovered nearly $5.7 million in stolen assets after a hacker agreed to return the funds in exchange for a 10% bounty. The funds were originally stolen on April 15 during a security breach involving ZKsync’s airdrop distribution contract. The hacker exploited a vulnerability in the sweepUnclaimed() function, minting 111 million unclaimed ZK tokens, valued at around $5 million at the time. In an unexpected turn, the hacker opted to take the ethical route—returning 90% of the stolen tokens and keeping 10% as a bounty. The recovery was completed in three swift transfers on April 23, all within ZKsync’s 72-hour “safe harbor” window. > “We’re pleased to share that the hacker has cooperated and returned the funds within the safe harbor deadline,” the ZKsync Association posted on X. Transfers included: $2.47M in ZK tokens $1.83M in ETH via the ZKsync Era blockchain 776 ETH (~$1.4M) sent to an Ethereum address on Etherscan Thanks to a rise in market prices—ZK up 16.6% and ETH up 8.8%—the returned value actually exceeded the stolen amount. Importantly, no user funds were compromised. The breach stemmed from ZKsync’s admin account, not individual wallets. A full report on the incident is expected soon. Despite the good news, the ZK token didn’t surge—dipping 0.2% in the last 24 hours. Still, this recovery is seen as a strong move in building trust and setting new standards in decentralized security practices. ZKsync Era, an Ethereum Layer 2 scaling solution using zero-knowledge rollups, continues to grow—with $59M total value locked and over $2B in real-world assets on-chain. #Zksync $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $XRP {spot}(XRPUSDT)

ZKsync Recovers $5.7M in Stolen Crypto After Hacker Takes Bounty Deal

In a major win for crypto security, ZKsync has successfully recovered nearly $5.7 million in stolen assets after a hacker agreed to return the funds in exchange for a 10% bounty.
The funds were originally stolen on April 15 during a security breach involving ZKsync’s airdrop distribution contract. The hacker exploited a vulnerability in the sweepUnclaimed() function, minting 111 million unclaimed ZK tokens, valued at around $5 million at the time.
In an unexpected turn, the hacker opted to take the ethical route—returning 90% of the stolen tokens and keeping 10% as a bounty. The recovery was completed in three swift transfers on April 23, all within ZKsync’s 72-hour “safe harbor” window.
> “We’re pleased to share that the hacker has cooperated and returned the funds within the safe harbor deadline,” the ZKsync Association posted on X.
Transfers included:
$2.47M in ZK tokens
$1.83M in ETH via the ZKsync Era blockchain
776 ETH (~$1.4M) sent to an Ethereum address on Etherscan
Thanks to a rise in market prices—ZK up 16.6% and ETH up 8.8%—the returned value actually exceeded the stolen amount.
Importantly, no user funds were compromised. The breach stemmed from ZKsync’s admin account, not individual wallets. A full report on the incident is expected soon.
Despite the good news, the ZK token didn’t surge—dipping 0.2% in the last 24 hours. Still, this recovery is seen as a strong move in building trust and setting new standards in decentralized security practices.
ZKsync Era, an Ethereum Layer 2 scaling solution using zero-knowledge rollups, continues to grow—with $59M total value locked and over $2B in real-world assets on-chain.
#Zksync
$BTC
$ETH
$XRP
🚨ZKSYNC HACKER #RETURNS FUNDS 🔹Hacker returned funds within Safe Harbor deadline 🔹Cooperated with team, accepted 10% bounty 🔹No legal action expected due to compliance 🔹Reflects growing trend of white-hat resolutions in DeFi #zkSync #CryptoSecurity #Web3 #DeFi -Cointelegraph$ZK {spot}(ZKUSDT)
🚨ZKSYNC HACKER #RETURNS FUNDS

🔹Hacker returned funds within Safe Harbor deadline

🔹Cooperated with team, accepted 10% bounty

🔹No legal action expected due to compliance

🔹Reflects growing trend of white-hat resolutions in DeFi

#zkSync #CryptoSecurity #Web3 #DeFi

-Cointelegraph$ZK
Ek San
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🚨 ZKSYNC AIRDROP CONTRACT HACKED

🔹Admin addresses of 3 airdrop contracts compromised

🔹Attacker minted ~111M unclaimed $ZK tokens via sweepUnclaimed()

🔹Circulating supply increased by ~0.45%

🔹Incident isolated to airdrop contracts, core protocol unaffected

#ZKsync #CryptoSecurity #AirdropHack #Web3Security

Source: ZKsync team statement$ZK
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Bullish
MVRV Z-Score compares $BTC market value to its realized value (basically the average cost basis of holders). When this score goes above 7 → historically signals market tops. Right now? We're sitting around 2–3. $XRP $SOL #BTC #altcoinseason #Zksync
MVRV Z-Score compares $BTC
market value to its realized value (basically the average cost basis of holders).

When this score goes above 7 → historically signals market tops.
Right now?
We're sitting around 2–3.
$XRP
$SOL

#BTC
#altcoinseason
#Zksync
See original
BANKEX sues Matter Labs (ZKsync $ZK ) for theft of intellectual property. 😐 Matter Labs, developer of ZKSync, was sued by BANKEX in the Supreme Court of New York for alleged theft of intellectual property. Two former employees, Alexandr Vlasov and Petr Korolev, were accused of copying the code from BANKEX's Plasma project from 2017 to develop Matter Labs. Matter Labs denies all allegations, claiming that ZKSync was developed independently. The trial date is pending. 😆 #Zksync #ZK #Matter #EEUU #MarketRebound
BANKEX sues Matter Labs (ZKsync $ZK ) for theft of intellectual property. 😐

Matter Labs, developer of ZKSync, was sued by BANKEX in the Supreme Court of New York for alleged theft of intellectual property.

Two former employees, Alexandr Vlasov and Petr Korolev, were accused of copying the code from BANKEX's Plasma project from 2017 to develop Matter Labs.

Matter Labs denies all allegations, claiming that ZKSync was developed independently. The trial date is pending.

😆

#Zksync #ZK #Matter #EEUU #MarketRebound
See original
ZK Nation recovers 5 million dollars in stolen funds📍 Summary: According to BlockBeats, ZK Nation has announced that a hacker cooperated and returned the 5 million dollars stolen from ZKsync within the established timeframe. The incident is considered resolved, as stated by the original security committee. The recovered assets are currently under the custody of the security committee, and decisions regarding their management will be made through the governing body. A final report of the investigation is being prepared, which will be published once completed.

ZK Nation recovers 5 million dollars in stolen funds

📍 Summary: According to BlockBeats, ZK Nation has announced that a hacker cooperated and returned the 5 million dollars stolen from ZKsync within the established timeframe. The incident is considered resolved, as stated by the original security committee.
The recovered assets are currently under the custody of the security committee, and decisions regarding their management will be made through the governing body. A final report of the investigation is being prepared, which will be published once completed.
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Bullish
See original
BANKEX sues Matter Labs (ZKsync $ZK) for intellectual property theft. 😐 Matter Labs, developer of #ZKSync , was sued by BANKEX in the New York Supreme Court for alleged intellectual property theft. Two former employees, Alexandr Vlasov and Petr Korolev, were accused of copying the code from the Plasma project #BANKEX from 2017 to develop Matter Labs. Matter Labs denies all allegations, claiming that ZKSync was developed independently. The trial date is pending. $BNB {spot}(BNBUSDT)
BANKEX sues Matter Labs (ZKsync $ZK) for intellectual property theft. 😐

Matter Labs, developer of #ZKSync , was sued by BANKEX in the New York Supreme Court for alleged intellectual property theft.

Two former employees, Alexandr Vlasov and Petr Korolev, were accused of copying the code from the Plasma project #BANKEX from 2017 to develop Matter Labs.

Matter Labs denies all allegations, claiming that ZKSync was developed independently. The trial date is pending.

$BNB
See original
🤗 ZkSync announces that the hacker has cooperated and returned 5M $ on time. The incident is now considered resolved. The assets are being managed by the Security Council, and decisions regarding their handling will be made by the management board. The final investigation report will be published once completed. #ZKsync #Hack
🤗 ZkSync announces that the hacker has cooperated and returned 5M $ on time.
The incident is now considered resolved. The assets are being managed by the Security Council, and decisions regarding their handling will be made by the management board.
The final investigation report will be published once completed.
#ZKsync #Hack
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Bullish
See original
$ZK {spot}(ZKUSDT) ZKSync Security Committee Initiates 10% Bounty Negotiation with Hackers: The committee states that as of the release of this announcement on Ethereum, the hacker's refund window has opened, valid for 72 hours. It is clearly stated that after the full recovery of the stolen ZK tokens and ETH before the deadline, ZKSync will publicly announce a solution and provide transparency to the community regarding the progress. If the refund is not completed by the deadline, the team will take legal measures, report the details of the incident to law enforcement, and initiate a comprehensive criminal investigation to firmly safeguard the platform's asset security and user rights. This theft incident traces back to April 15, caused by the leakage of the administrator account's private key, resulting in the theft of tokens included in three specific Merkle distribution contracts for the ZK token issuance in June 2024. After the incident, the platform promptly activated its emergency response mechanism to fully track the flow of funds, striving to minimize user losses, and seeks to develop the situation positively through this negotiation action. #zksync
$ZK
ZKSync Security Committee Initiates 10% Bounty Negotiation with Hackers: The committee states that as of the release of this announcement on Ethereum, the hacker's refund window has opened, valid for 72 hours. It is clearly stated that after the full recovery of the stolen ZK tokens and ETH before the deadline, ZKSync will publicly announce a solution and provide transparency to the community regarding the progress. If the refund is not completed by the deadline, the team will take legal measures, report the details of the incident to law enforcement, and initiate a comprehensive criminal investigation to firmly safeguard the platform's asset security and user rights.
This theft incident traces back to April 15, caused by the leakage of the administrator account's private key, resulting in the theft of tokens included in three specific Merkle distribution contracts for the ZK token issuance in June 2024. After the incident, the platform promptly activated its emergency response mechanism to fully track the flow of funds, striving to minimize user losses, and seeks to develop the situation positively through this negotiation action.
#zksync
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