Ethereum Layer-2 network ZKfair is facing accusations of a rug pull following the transfer of $6 million from its cross-chain bridge. Concerns were raised after an X user, Weiweiyang, flagged the suspicious movement of funds, prompting warnings for users to withdraw their assets from the platform. Analysis suggests that the team transferred the bridge’s assets, originally held in a ZKFair Safe multisig address, to an external ownership (EOA) address, then deposited most of them into Aave protocol. Experts like SlowMist founder Yu Jian also acknowledged the transaction’s suspicious nature, highlighting the transfer’s connection to the project team’s actions. [Note: This section should be rewritten using more formal language and avoid unnecessary use of quotes.] L2Beat has noted that funds have been moved, and the bridge escrow upgraded to an unverified implementation, adding a disclaimer about the uncertainty surrounding the transaction details. ZKFair disputes the accusations of a rug pull and explains its rationale for the $6 million transfer: the previous cross-chain bridge had limited Prover capacity, which impacted user experience, prompting the project team to upgrade the bridge into a multisig setup to improve efficiency and security. The official ZKFair account clarified that all funds are safe and provided further details regarding the updated bridge functionality through their X post. However, the ZKF token has experienced significant price drops in response to the allegations and market fluctuations, declining by 14.64% over the past 24 hours despite an earlier downward trend due to general market conditions.