hack

ZKsync Hit by $5M Hack After Compromised Account Exploited

ZKsync Hit by $5M Hack After Compromised Account Exploited

Just last week, hackers stole around $5 million worth of ZKsync’s native ZK crypto, raising alarm bells among crypto insiders. In this case, a compromised administrative account was the key that opened the door. This provided the attackers the opportunity to take control of unregistered tokens from a recent airdrop....

ZKsync Hack: $5M Stolen! Is Your Crypto Safe on Layer-2s?

ZKsync Hack: $5M Stolen! Is Your Crypto Safe on Layer-2s?

We know that the world of crypto moves fast, but so do the bad actors operating in this space. Just last week, ZKsync, considered one of the most secure and agile layer-2 scaling solutions for Ethereum, was exploited for $3 million. Due to this incident, approximately $5 million worth of...

ZKsync's $5M Hack: Is This the End of Ethereum Scaling?

ZKsync's $5M Hack: Is This the End of Ethereum Scaling?

Five million dollars. Gone. Poof. Taken from ZKsync, currently one of Ethereum’s supposedly greatest beacons of hope in the Layer-2 scaling arms – sorry, race. They say user funds are safe. They say the protocol is secure. But does it feel that way? Does it sound that way? This isn't...