Ether Lee (ETH) Layer -2 Scaling Solution ZKSYNC (ZK) suffered considerable abuse, which led to a loss of $ 5 million in ZK tokens.
Violations aimed at the platform’s smart contract infrastructure were recognized by the protocol through posts about social media platform X.
“The ZKSYNC security team has checked the damaged administrator account that controls the ZK token worth $ 5 million.
All user funds are safe and have never been in danger. ZKSYNC protocols and ZK token contracts were kept safe and ZK was no longer in danger.
This is an isolated accident due to damaged keys and is limited to ZK token Air drop contract.
The survey is in progress and the detailed update will be shared today. ”
The attack, which was executed through ZKSYNC’s zero knowledge evidence mechanism, allowed the offender to drain funds from several wallets. Blockchain security firms are investigating this case.
Last month, prominent blockchain investigators ZACHXBT said government regulations could be needed to prevent evolving encryption hacking.
“If the industry will fix this industry itself unless the government passes the regulations that harm our entire industry, it is incredibly cooked in relation to the IDK.
Recently, some ‘distributed’ protocols recently accounted for almost 100%of the monthly amount/fees derived from the DPRK (Democratic Party) and refused to be responsible. ”
ZK decreases 7.5% to $ 0.046 when writing.
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Created image: Midjourney