The hacker of the "ZKsync" protocol accepts a bounty and returns nearly $5 million of stolen cryptocurrency.
A hacker returned nearly $5 million of stolen cryptocurrency from the "ZKsync" distribution contract after accepting a 10% bounty offer in exchange for returning 90% of the funds within a 72-hour deadline.
The "ZKsync" team confirmed that user funds were not compromised and that the protocol remains secure.
The recovered assets are now under the supervision of the project's security council.
This incident comes amidst an ongoing wave of cyber attacks on the cryptocurrency sector, where over $1.6 billion was stolen during the first two months of 2024, most notably the Bybit hack worth $1.45 billion.
The Ethereum network and its projects remain the primary target for hackers, while the recovery rate for stolen funds has shown a significant decline recently.
