A security breach involving an admin wallet linked to the ZKsync airdrop resulted in the theft of an estimated $5 million worth of ZK tokens. The attacker exploited a compromised key to transfer funds before the anomaly was detected. 🛡️
ZKSync, an Ethereum layer-2 blockchain designed to enhance scalability through zero-knowledge proofs, confirmed the incident via Twitter and highlighted that the breach impacted only the airdrop contract. 📝 They assured users that their primary ZK token protocol and smart contract remain unaffected, emphasizing full security of user funds. 🔒
The price of the ZK token experienced a notable decline of approximately 11% over a 24-hour period following the incident. This was accompanied by a surge in trading volume of $87 million as traders reacted to the news. 🚀 An investigation is underway, and ZKSync pledged to provide a comprehensive update at a later date. 🔎
Similar recent security breaches such as the KiloEx hack (7.5M USD lost) show the ongoing threat of cybercrime.