Tag: zkSync

ZKsync Airdrop Hacked! $5M Gone, What's Next for Crypto?

ZKsync Airdrop Hacked! $5M Gone, What's Next for Crypto?

As we all know, the crypto world moves at lightning speed and sometimes it zips in the opposite direction of where we hope. Last week, the ZKsync community faced a disturbing reality. It was later revealed that a hacker took advantage of a vulnerability in the airdrop distribution process and...

ZKsync's Airdrop Debacle: A Wake-Up Call for Mature Crypto Security

ZKsync's Airdrop Debacle: A Wake-Up Call for Mature Crypto Security

The ZKsync airdrop hack, perpetrated through a hacked admin account, led to the hack of over $5 million worth of ZK tokens. This incident proved to be more than a short-lived bug, revealing major frailties that still plague the crypto industry. A 20% price decrease is only scratching the surface....

ZKsync Airdrop Heist Exposes Crypto's Fatal Flaw: Inequality

ZKsync Airdrop Heist Exposes Crypto's Fatal Flaw: Inequality

The ZkSync airdrop heist wasn’t only a hack. It struck at the very heart of what cryptocurrency was intended to represent. That’s $5 million that evaporated—not from some Wall Street fat cat’s investment portfolio. Unfortunately, it probably disappeared from the digital wallets of the average Joes who were banking on...