The ZKsync project experienced a security breach when an attacker gained access to the admin wallet, responsible for unclaimed airdrop tokens. The theft resulted in a significant transfer and sale of approximately $5 million worth of ZK tokens. Thankfully, user wallets remained unaffected. While the market reacted sharply with a near 20% price drop, this has since partially recovered to a 15% decline. The ZKsync team emphasized that core protocol components and user funds are protected. An investigation is underway to provide a comprehensive account of the breach. ZKsync, developed by Matter Labs as an Ethereum Layer 2 scaling solution, launched its token in mid-2024 with a total supply of 21 billion. However, its airdrop campaign has drawn criticism for perceived inequities and concerns over bot-driven farming practices, leading to this incident further raising security and oversight questions about the project.