HomeCoinsEthereumZKSync recovers 5 million dollars of stolen tokens after Hacker has accepted...

ZKSync recovers 5 million dollars of stolen tokens after Hacker has accepted the Bounty offer

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The ZKSYNC Association has confirmed stolen tokens value $ 5 million in comparison with a security incident on April 15 of April 15, which incorporates its airdrop distribution contract.

The hacker agreed to simply accept a bonus of 10% and return 90% of the remaining stolen tokens, whereby the ZKKSYNC security council was transferred almost 5.7 million US dollars on April 23.

“We are pleased to speak that the hacker worked and returned the funds inside the Safe Harbor period,” said ZKKSYNC Association on April 23 at X, which was later released by ZKSyncs X account.

Matter Labs, the corporate behind the ZKSync protocol, has also released the news on X.

The previously confirmed ZKSYNC X account confirmed that no user funds were affected.

Source: ZKSync Association

The hacker sent two transfers within the ZKKSära -Sära -Blockchain, consisting of ZKKSync (ZK) -token value 2.47 million US dollars and ether (Eth) value 1.83 million US dollars to the ZKKKSera address of the ZKSy Security Council.

Another 776 ETH value almost 1.4 million US dollars were also sent to the Ethereum address of the Security Council, as Ethercan data show.

The first transmission was carried out on April 23 at 2:39:57 p.m. UTC and the last transmission was carried out about 13 minutes later-within the 72-hour window, by which ZK Sync was originally set.

The ZKSync Association said the corporate would publish a final report by which further details from the safety incident can be revealed.

How the hack happened

The hacker violated the admin account of ZKSYNC and enabled them to elucidate the Sweepuncaimed () function of the Airdrop contract contract to 111 million unused ZK tokens, which expires around 5 million US dollars on the time of April fifteenth.

The hack occurred while ZKSync was there to ventilate 17.5% of the ZK -Token supplier to ecosystem participants.

The recovered amount – almost $ 5.7 million – exceeded the originally stolen 5 million US dollars as a consequence of a rise available in the market value of the stolen tokens, with ZK and ETH increased since attacks of 15.6% and eight.8% because the attack by Coingecko since April 15.

Despite the recovery of assets, the ZK -Token didn’t increase significantly within the news and has currently dropped by 0.2% within the last 24 hours.

The ZKSync era is an Ethereum Layer 2-solution that uses zero-knowledge rollups to stack and process transactions for offchain. According to Defillama and RWA.XYZ, it has a complete value of virtually $ 59 million on its chain and over $ 2 billion in assets by way of assets of over $ 2 billion.

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