The aftermath of the OM flash crash is still unsettled, and the ZK vulnerability reveals narrative bubbles. During a bear market, one must manage their own wallet well and not be easily swayed by the fast train of a bull market.
The private key of the ZKsync airdrop contract administrator was leaked, allowing attackers to illegally mint 111 million ZK (accounting for 0.45% of the circulating supply) and cash out approximately 5 million USD. The official statement claims that the protocol and user funds were not affected, but the core issue points directly to the centralization flaws in the project's multi-signature permission management.
Although the ZK team is working with exchanges to trace the stolen funds, on-chain data indicates that the attackers still hold most of the tokens. Such incidents are frequent (like the early Binance API key phishing event), reflecting the industry's systemic neglect of private key custody and permission distribution.
If the project team does not handle the theft incident properly, the K-line trend will be the same as that of OM.