ZKsync, a blockchain project focused on scaling decentralized applications (dApps), has experienced a significant price drop for its token following a security breach. The incident involved the theft of approximately $5 million worth of tokens due to an exploited vulnerability in the airdrop contract. 111 million unclaimed tokens were minted and transferred out by the attacker, ultimately resulting in a notable decline in the token’s market price. 111 million unclaimed tokens were minted and transferred out by the attacker, resulting in a significant drop in the ZKsync token price. The breach was attributed to a security vulnerability in the airdrop contract, specifically an exploit of the “sweepUnclaimed” function. The team responded quickly, confirming that user funds are secure and initiating protocol security improvements. While investigations continue with authorities to recover stolen tokens, market participants are now faced with heightened concerns, especially given the recent collapse of OM Coin. This incident highlights the need for rigorous security measures in the cryptocurrency ecosystem.