zkSync
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🚨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$ZK
🔹Hacker returned funds within Safe Harbor deadline
🔹Cooperated with team, accepted 10% bounty
🔹No legal action expected due to compliance
🔹Reflects growing trend of white-hat resolutions in DeFi
#zkSync #CryptoSecurity #Web3 #DeFi
-Cointelegraph$ZK
🚨 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
🔹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
🌍 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
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 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
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
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
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
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
👀👻
💢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
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
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
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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
From cooperation to dispute: The broken relationship between BANKEX and Matter Labs
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
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
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
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
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.
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.
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
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
See original
$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
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
$Ethereum Layer 2 Wars: Who’s Winning in 2025?
As Ethereum scales, Layer 2 solutions are battling for dominance—each with a unique edge.
Arbitrum remains the TVL king, hosting major DeFi apps and expanding via Arbitrum Orbit.
Optimism powers the “Superchain” vision, with Coinbase’s Base as a major adopter.
zkSync is leading zkEVM adoption—offering fast, secure transactions but still maturing.
Starknet focuses on high performance with STARKs and Cairo, but adoption is slower due to dev complexity.
Base is Coinbase’s entry point into Web3, offering seamless UX and attracting normies through social apps.
Final Take:
There’s no single winner—each L2 is carving out its niche. The future of Ethereum will be multichain, modular, and zk-powered.
#Ethereum #Layer2 #Arbitrum #Optimism #Zksync $ARB $OP $ETH
Arbitrum remains the TVL king, hosting major DeFi apps and expanding via Arbitrum Orbit.
Optimism powers the “Superchain” vision, with Coinbase’s Base as a major adopter.
zkSync is leading zkEVM adoption—offering fast, secure transactions but still maturing.
Starknet focuses on high performance with STARKs and Cairo, but adoption is slower due to dev complexity.
Base is Coinbase’s entry point into Web3, offering seamless UX and attracting normies through social apps.
Final Take:
There’s no single winner—each L2 is carving out its niche. The future of Ethereum will be multichain, modular, and zk-powered.
#Ethereum #Layer2 #Arbitrum #Optimism #Zksync $ARB $OP $ETH
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ZKsync hacked for $5 million: Vulnerability in Airdrop or the beginning of a new series of incidents?
While Layer-2 platforms are striving to scale Ethereum by optimizing costs and increasing transaction speeds, ZKsync – one of the most anticipated projects – has just faced a serious attack causing losses of around $5 million, stemming from a security flaw in the airdrop contract.
Although the project claims all user funds are still safe, this incident once again raises questions about the reliability of Layer-2 scaling solutions, especially in the context of rapidly increasing hacks in crypto in 2025.
Although the project claims all user funds are still safe, this incident once again raises questions about the reliability of Layer-2 scaling solutions, especially in the context of rapidly increasing hacks in crypto in 2025.
🚨🚨🚨zkSync (ZK) hacked, $5 million evaporated
The attack was carried out by exploiting a function called “sweepUnclaimed()” in the smart contracts that manage #Zksync ’s airdrop processes. This feature is normally designed to withdraw unclaimed $ZK tokens. However, the attacker exploited this function for a total of 111 million ZK token options from three different airdrop contracts. This amount corresponds to approximately 0.45 percent of the total token supply.
Following the incident, the zkSync development team launched a rescue operation together with its security partner SEAL. The team stated that the attack was limited to the administrative budget only and that user funds were directly affected. It was also emphasized that the “sweepUnclaimed()” function was disabled and the system did not contain any other vulnerabilities.
This incident once again demonstrated how critical security is not only in zkSync but also in Layer-2 solutions in general. How administrator-level access is structured, how airdrop results are controlled, and the distribution of smart contract usage possibilities are being re-evaluated across the industry.
On February 21, 2025, cryptocurrency exchange Bybit was subject to one of the largest crypto attacks to date. North Korea-related Lazarus Group hackers exploited vulnerabilities in Bybit's Ethereum cold vaults to withdraw approximately 401,000 ETH (approximately $1.5 billion). Bybit stated in its transactions that user funds were recovered and that losses would be covered by company reserves.
#WCTonBinance #MetaplanetBTCPurchase #BTCRebound #ZK
Following the incident, the zkSync development team launched a rescue operation together with its security partner SEAL. The team stated that the attack was limited to the administrative budget only and that user funds were directly affected. It was also emphasized that the “sweepUnclaimed()” function was disabled and the system did not contain any other vulnerabilities.
This incident once again demonstrated how critical security is not only in zkSync but also in Layer-2 solutions in general. How administrator-level access is structured, how airdrop results are controlled, and the distribution of smart contract usage possibilities are being re-evaluated across the industry.
On February 21, 2025, cryptocurrency exchange Bybit was subject to one of the largest crypto attacks to date. North Korea-related Lazarus Group hackers exploited vulnerabilities in Bybit's Ethereum cold vaults to withdraw approximately 401,000 ETH (approximately $1.5 billion). Bybit stated in its transactions that user funds were recovered and that losses would be covered by company reserves.
#WCTonBinance #MetaplanetBTCPurchase #BTCRebound #ZK
🚨ZKsync Airdrop Exploit: Key Details & Timeline
#Zksync suffered a $5M exploit via a compromised admin key tied to its airdrop contracts.
No user funds were affected, but the attacker minted 111M unclaimed ZK tokens (~0.45% of the total supply).
Here’s a breakdown of what happened👇
1️⃣Attack Vector
🔐An admin wallet controlling 3 airdrop contracts was compromised.
📥The attacker triggered sweepUnclaimed() to mint 111M ZK tokens originally reserved for the airdrop.
2️⃣Execution
🔗Contract exploited: Airdrop distribution
🧧Compromised address: 0x842822c797049269A3c29464221995C56da5587D
📦Mint tx: https://era.zksync.network/tx/0x14b120ff26e8d678fdaa26eef81cf166cb8bc1a20e9bdef6a02fd2af2ee0071e…
🎯Inflated token supply by ~0.45%
3️⃣Impact
💸~$5M in $ZK tokens stolen
📉Price dropped 16% from $0.05 → $0.042 (currently at $0.047)
📊Airdrop supply affected only — protocol, token contract, and user funds remain untouched
4️⃣Response & Mitigation
🛡️Incident contained, no further minting possible
🤝Working with @_seal_org & exchanges
📨Attacker urged to return funds via [email protected]
🧵Full post-mortem pending
5️⃣Current Status
🔍Attacker wallet: 0xb1027ED67f89c9F588E097f70807163feC1005d3 still holds a majority of stolen tokens
🧠Investigation ongoing
🔒Core contracts secure
This incident highlights risks even in isolated token distribution mechanisms — secure your keys🗝️#CryptoHack
#Zksync suffered a $5M exploit via a compromised admin key tied to its airdrop contracts.
No user funds were affected, but the attacker minted 111M unclaimed ZK tokens (~0.45% of the total supply).
Here’s a breakdown of what happened👇
1️⃣Attack Vector
🔐An admin wallet controlling 3 airdrop contracts was compromised.
📥The attacker triggered sweepUnclaimed() to mint 111M ZK tokens originally reserved for the airdrop.
2️⃣Execution
🔗Contract exploited: Airdrop distribution
🧧Compromised address: 0x842822c797049269A3c29464221995C56da5587D
📦Mint tx: https://era.zksync.network/tx/0x14b120ff26e8d678fdaa26eef81cf166cb8bc1a20e9bdef6a02fd2af2ee0071e…
🎯Inflated token supply by ~0.45%
3️⃣Impact
💸~$5M in $ZK tokens stolen
📉Price dropped 16% from $0.05 → $0.042 (currently at $0.047)
📊Airdrop supply affected only — protocol, token contract, and user funds remain untouched
4️⃣Response & Mitigation
🛡️Incident contained, no further minting possible
🤝Working with @_seal_org & exchanges
📨Attacker urged to return funds via [email protected]
🧵Full post-mortem pending
5️⃣Current Status
🔍Attacker wallet: 0xb1027ED67f89c9F588E097f70807163feC1005d3 still holds a majority of stolen tokens
🧠Investigation ongoing
🔒Core contracts secure
This incident highlights risks even in isolated token distribution mechanisms — secure your keys🗝️#CryptoHack
🚨JUST IN: #Zksync has identified a compromised admin account that took control of ~$5M worth of #ZK tokens.
ZKsync says this was an isolated incident - 'All user funds are safe and have never been at risk.'
#crypto #Altcoins👀🚀
ZKsync says this was an isolated incident - 'All user funds are safe and have never been at risk.'
#crypto #Altcoins👀🚀
🚨 #Zksync Breach: $5M Stolen, $ZK Token Dives 20%
ZKsync confirmed a security breach tied to its airdrop contract, leading to the minting & theft of 111M ZK tokens (~$5M). No user funds were affected.
⚠️ $ZK dropped 20% on the news, now recovering but still down 12%.
🔐 Exploit was isolated; the core protocol remains secure.
🔍 Recovery efforts underway with exchanges & security teams.
ZKsync vows full transparency as the investigation continues.
#zkSync. #ZK #Write2Earn
ZKsync confirmed a security breach tied to its airdrop contract, leading to the minting & theft of 111M ZK tokens (~$5M). No user funds were affected.
⚠️ $ZK dropped 20% on the news, now recovering but still down 12%.
🔐 Exploit was isolated; the core protocol remains secure.
🔍 Recovery efforts underway with exchanges & security teams.
ZKsync vows full transparency as the investigation continues.
#zkSync. #ZK #Write2Earn
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