Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap: $2,971,716,873,723
24h Vol: $48,272,777,049
Cryptocurrencies: 13285
Markets: 101278
CoinInsight360.com logo CoinInsight360.com logo
ENG
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

$2,971,716,873,723
Market Cap
$48,272,777,049
24h Vol
13285
Cryptocurrencies
63.95%
Bitcoin Share
CoinTelegraph 2025-04-24 04:59:30

ZKsync recovers $5M of stolen tokens after hacker accepts bounty offer

ZKsync recovers $5M of stolen tokens after hacker accepts bounty offer

The ZKsync Association has confirmed the recovery of $5 million worth of stolen tokens from an April 15 ZKsync security incident involving its airdrop distribution contract. The hacker agreed to accept a 10% bounty and return 90% of the remaining stolen tokens, transferring the ZKsync Security Council almost $5.7 million across three transfers on April 23. “We’re pleased to share that the hacker has cooperated and returned the funds within the safe harbor deadline,” ZKsync Association posted to X on April 23, which was later reposted by ZKsync’s X account. Matter Labs, the company behind the ZKsync protocol, also reposted the news shared on X. The ZKsync X account previously confirmed that no user funds were compromised. Source: ZKsync Association The hacker sent two transfers on the ZKsync Era blockchain, consisting of $2.47 million worth of ZKsync ( ZK ) tokens and $1.83 million worth of Ether ( ETH ) to the ZKsync Security Council’s ZKsync Era address. Another 776 ETH worth nearly $1.4 million was also sent to their security council’s Ethereum address, Etherscan data shows. The first transfer was made on April 23 at 2:39:57 pm UTC on and the last transfer was made roughly 13 minutes later — all within the 72-hour window that ZK Sync had initially set. ZKsync Association said the company would publish a final report revealing more details from the security incident. How the hack happened The hacker breached ZKsync’s admin account, allowing them to exploit the airdrop distribution contract's sweepUnclaimed() function to mint 111 million unclaimed ZK tokens, worth approximately $5 million at the time of the April 15 attack. The hack occurred while ZKsync was in the process of airdropping 17.5% of ZK’s token supply to ecosystem participants. The recovered amount — almost $5.7 million — exceeded the $5 million originally stolen due to a rise in the market value of the stolen tokens, with ZK and ETH increasing 16.6% and 8.8% respectively since the April 15 attack, according to CoinGecko data. Despite the asset recovery, the ZK token failed to rise substantially on the news and is currently down 0.2% over the last 24 hours. ZKsync Era is an Ethereum layer 2 solution that uses zero-knowledge rollups to batch and process transactions offchain. It has nearly $59 million in total value locked on its chain and has over $2 billion in real-world assets onchain, according to DefiLlama and RWA.xyz . Magazine: Ethereum maxis should become ‘assholes’ to win TradFi tokenization race

Most Read News

Moralis Money
$2,971,716,873,723
Market Cap
$48,272,777,049
24h Vol
63.95%
Bitcoin Share
344
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.