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Ethereum Layer-2 ZKsync Suffers Exploit As $5,000,000 in ZK Tokens Drained – The Daily Hodl

16 April 2025
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Ethereum (ETH) Layer-2 scaling resolution ZKsync (ZK) has suffered a big exploit, ensuing within the lack of $5 million price of ZK tokens.

The breach, which focused the platform’s sensible contract infrastructure, has been acknowledged by the protocol by way of a put up to the social media platform X.

“ZKsync safety staff has recognized a compromised admin account that took management of ~$5M price of ZK tokens – the remaining unclaimed tokens from the ZKsync airdrop. Crucial safety measures are being taken.

All consumer funds are secure and have by no means been in danger. The ZKsync protocol and ZK token contract remained safe, and no additional ZK is in danger.

That is an remoted incident attributable to a compromised key and confined to the ZK Token airdrop contract.

The investigation is ongoing, and an in depth replace will likely be shared later at present.”

The assault, reportedly executed by way of a complicated vulnerability in ZKsync’s zero-knowledge proof mechanism, allowed the perpetrator to empty funds from a number of wallets. Blockchain safety companies are investigating the incident.

Final month, outstanding blockchain investigator ZachXBT mentioned that sweeping authorities laws could be wanted to forestall ever-evolving crypto hacks.

“This trade is unbelievably cooked in relation to exploits/hacks and sadly idk if the trade goes to repair this itself until the federal government forcibly passes laws that damage our complete trade.

A number of ‘decentralized’ protocols have just lately had almost 100% of their month-to-month quantity/charges derived from DPRK [Democratic People’s Republic of Korea] and refuse to take any accountability.”

ZK is buying and selling for $0.046 at time of writing, a 7.5% lower on the day.

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Disclaimer: Opinions expressed at The Day by day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate internet marketing.

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Tags: DailyDrainedEthereumexploitHodlLayer2SufferstokensZkSync
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