Hacker mints $5M in ZK tokens after compromising ZKsync admin account

Share via:


A hacker compromised a ZKsync admin account on April 15, minting $5 million worth of unclaimed airdrop tokens, according to a statement from the official ZKsync X account. The attack was described as isolated, with no user funds affected.

Following an investigation, ZKsync detailed the incident on April 15, disclosing that the compromised account had administrative control over three airdrop distribution contracts. The attacker exploited a function called sweepUnclaimed() to mint 111 million unclaimed ZK tokens, increasing the total token supply by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Hacker mints $5M in ZK tokens after compromising ZKsync admin account


A hacker compromised a ZKsync admin account on April 15, minting $5 million worth of unclaimed airdrop tokens, according to a statement from the official ZKsync X account. The attack was described as isolated, with no user funds affected.

Following an investigation, ZKsync detailed the incident on April 15, disclosing that the compromised account had administrative control over three airdrop distribution contracts. The attacker exploited a function called sweepUnclaimed() to mint 111 million unclaimed ZK tokens, increasing the total token supply by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Recognised startups eligible for various tax exemptions, deductions: I-T...

The Income tax department on Friday said DPIIT...

Google to appeal against part of US court’s decision...

Alphabet's Google plans to appeal against the "adverse"...

LatAm startups are winning big in Startup Battlefield

For startups around the world, the TechCrunch Startup...

Popular

Upcoming Events

ITC To Increase Stake To 100% In Mother Sparsh 

SUMMARY ITC will be picking up the remaining stake...

Nvidia CEO Jensen Huang meets Shanghai mayor, government says

Nvidia CEO Jensen Huang reaffirmed the company’s commitment...

Google illegally monopolised ad tech markets, US Judge says

Google illegally monopolized some online advertising technology markets,...
GdfFD GFD GFD GFD GFD GFD GFD GFD DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG