ZKSync Airdrop Contract Hack Resolved: 90% Funds Recovered

A security breach on April 15, 2025, impacted ZKSync’s airdrop contract, leading to the unauthorized minting of 111 million tokens. The incident, linked to a compromised admin wallet, affected the company’s network and led to significant recovery efforts. While this event momentarily lowered market value, it did not impact broader cryptocurrency prices. The attack was resolved through cooperation between ZKSync and the hacker, resulting in the recovery of nearly 90% of stolen funds via a bounty-based negotiation.