Vulnerability in Falling Altcoin Costs 5 Million: Price Melts Another 20 Percent! - Coin Newsletter

Koinbulteni · 2025-04-16T07:49:13+00:00

Approximately 5 million dollars worth of ZK tokens were stolen due to the compromise of an admin account in ZKsync. The incident only affected the airdrop contract, ensuring user funds are safe.

Koinbulteni

2025-04-16 07:49:13

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ZKsync announced that approximately $5 million worth of ZK tokens were stolen as a result of the admin account takeover. This incident was limited to the airdrop contract only, and user funds are safe.

ZKsync’s security team, hosted by the eventful airdrop that has been dropping almost since its launch, announced that ZK tokens were stolen as a result of an admin account compromise. The tokens in question were previously unclaimed tokens left over from the ZKsync airdrop. The team stated that the incident was caused by a vulnerability and only affected the airdrop contract. In the statement, it was emphasized that user funds are safe and there is no risk.

ZKsync is a Layer 2 solution running on Ethereum and attracted attention with its token airdrop last year. The ZK token lost 15% of its value due to stolen tokens, and its price dropped by 20% in 20 minutes. The team is continuing its research on the matter and a report is expected to be published.

According to data from CoinGecko, the price later rebounded to $0.0469**.

ZK2,3%

TOKEN-1,63%

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