A week after the ZKSYNC hacking incident, Exploy agreed to the bounty and returned a large portion of the loot.
Despite the recovery of the stolen funds, ZK, a power token of the network, continues to show weak feelings.
Zksync Hacker returns $ 5.7 million
On April 15, ZKSYNC, Etherrium -based layer -2 extension solution, had a hack. The damaged account controlled $ 5 million worth of ZK tokens. As reported by Beincrypto, this incident caused a 16%decline.
The case was controversial after some community members discovered some of the data. This revelation was accused of comparing Zksync to Mantra (OM). Zksync responded to hacking by throwing assets at accelerated speeds.
One user said, “The ZKSYNC team has released 110 million tokens and sold 66 million. The price of ZK is opposed to the trend when the market recovers, and it is immediately decreased by 15%.
This was in contact with embezzlement. However, in recent development, Zksync Association said that hackers returned 90%of their funds and effectively respect Safe Harbor Deadline.
The ZKSYNC Security Council provided a 10% bounty to the hacker if it allowed a 72 -hour window to return the stolen funds on April 21’s post on April 21.
ZK Nation says, “We provide 10%of the bounty for cooperation to solve this problem with the spirit of Safe Harbor.
When it happened, the bad actor moved almost $ 5.7 million to the Zksync Security Council on April 23.
Specifically, they sent two transmissions to the Zksync blockchain. The first was to send $ 1.83 million in Ether Leeum (ETH) to the ZKSYNC address of the ZKSync Security Council, and the second sent a $ 2.47 million Zksync token.
In the third transaction, Zksync hackers sent about $ 1.4 million to the Ether Leeum address of the ZKSYNC Guarantee Council.
Through this, Zksync Association tried to publish a final report that discloses more information about security incidents.
Meanwhile, hackers are worth noting that the ZKSYNC Security Council has followed the instructions on the letter. Based on this, this case is closed without any additional measures.
It reflects it in the past Cases, including Ronin Bridge hackers, return $ 10 million worth of ETH and earn $ 500,000. bounty.
However, despite the transition of the case, the ZK token shows a weak feeling, which has declined almost 2% over the last 24 hours. At the time of this article, Zksync’s token was traded for $ 0.06.
On the other hand, not all hacking events respect the Safe Harbor proposal. Recently, BYBIT has launched a bounty program that provides up to 10%recovery funds to ethical hackers and cyber security experts.
This incentive is trying to regain $ 1.4 billion of theft. Some efforts to regain lost assets have resulted, but partial recovery is thanks to major industry players, not abusers.
On the other hand, other ecosystems use the bounty program to strengthen their security. Cardano’s Charles Hoskinson recently provided $ 1 million bounty to test security by hacking a new lace paper wallet.
Similarly, UNISWAP announced that it had a $ 15.5 million bug bounty aimed at an important vulnerability in the V4 Core contract.
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