A hacker compromised a ZKsync admin account on April 15, minting $5 million value of unclaimed airdrop tokens, according to an announcement from the official ZKsync X account. The assault was described as remoted, with no consumer funds affected.
Following an investigation, ZKsync detailed the incident on April 15, disclosing that the compromised account had administrative management over three airdrop distribution contracts. The attacker exploited a operate known as sweepUnclaimed() to mint 111 million unclaimed ZK tokens, growing the whole token provide by 0.45%. As of the newest replace, the attacker nonetheless held management of many of the stolen funds.
Supply: ZKsync
ZKsync is coordinating restoration efforts with the Security Alliance (SEAL). In accordance with the protocol, its governance and token contracts are unaffected. The corporate acknowledged that no additional exploits are potential through the “sweepUnclaimed()” vector.
ZKsync is an Ethereum layer-2 protocol that processes main-layer transactions in batches utilizing a know-how known as zero-knowledge rollups. The ZKsync Period platform has $57.3 million in complete worth locked as of April 15, according to DefiLlama. ZKsync had been within the technique of airdropping 17.5% of its token provide to ecosystem individuals.
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ZK token drops 7% in 24-hour buying and selling
ZKsync’s token, ZK (ZK), noticed unstable value motion within the wake of the hack and the challenge’s public disclosure on X. Round 1:00 pm UTC, the token had dropped 16%, falling to $0.040 earlier than rebounding to $0.047 on the time of writing. Regardless of the bounce, ZK stays down 7% over the previous 24 hours.
Total, $2 billion has been lost to crypto hacks within the first quarter of 2025 alone, simply $300 million less than the whole misplaced in 2024.
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