ZKSync Admin Wallet Compromised, $5M Stolen

ZKSync Admin Wallet Compromised, $5M Stolen

An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens.The stolen funds were the "remaining unclaimed tokens from the ZKsync airdrop," ZKsync wrote on Twitter, before saying that "necessary security measures are being taken."The protocol's ZK token has dropped almost 14% over the past 24 hours. Volume has increased by 96% to $71 million in the same period.ZKsync said…

Significant Security Breach Hits ZKsync Protocol, Triggering Token Price Drop

A significant security breach has impacted ZKsync, leading to token theft. The ZKsync team confirmed user funds are secure and ongoing security measures are in place. Continue Reading: Significant Security Breach Hits ZKsync Protocol, Triggering Token Price Drop The post Significant Security Breach...

Hacker mints $5M in ZK tokens after compromising ZKsync admin account - Invest In Crypto News

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Hacker mints $5M in ZK tokens after compromising ZKsync admin account

A hacker jeopardized a ZKsync admin account on April 15, minting $5 million worth of unclaimed airdrop tokens, according to a declaration from the main ZKsync X account. The attack was referred to as separated, without any user funds impacted. Following an examination, ZKsync detailed the event on April 15, revealing that the jeopardized account had administrative control over 3 airdrop circulation agreements. The opponent made use of a function…

Hacker Creates $5 Million in ZK Tokens After Hacking ZKsync Admin Account

A hacker managed to abscond with $5 million worth of airdrop tokens from zkSync. The incident highlights the vulnerability of decentralized platforms to security breaches. Security measures must be constantly updated to prevent such incidents in the future. The stolen tokens were intended for distribution to users, but now they are in the hands of the hacker, causing financial losses to the platform. This breach serves as a cautionary tale for o…

Hackers Targeting Ethereum Scaling Network ZKsync Steal $5M in Tokens

The protocol said that all user funds were safe.