ZKsync (ZK) Layer-2 scaling solution suffers a $5 million exploit, resulting in the loss of ZK tokens.

ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens.

A Layer-2 scaling solution for Ethereum (ETH), ZKsync (ZK) has suffered a significant exploit, resulting in the loss of $5 million worth of ZK tokens.

The breach, which targeted the platform’s smart contract infrastructure, has been acknowledged by the protocol through a post to the social media platform X.

"ZKsync security team has identified a compromised admin account that took control of ~$5M worth of ZK tokens – the remaining unclaimed tokens from the ZKsync airdrop. Necessary security measures are being taken.

All user funds are safe and have never been at the risk. The ZKsync protocol and ZK token contract remained secure, and no further ZK is at risk.

This is an isolated incident caused by a compromised key and confined to the ZK Token airdrop contract.

The investigation is ongoing, and a detailed update will be shared later today."

The attack, reportedly executed through a vulnerability in ZKsync’s zero-knowledge proof mechanism, allowed the perpetrator to steal funds from multiple wallets.

The incident is currently under investigation by blockchain security firms.

Last month, prominent blockchain investigator ZachXBT said that sweeping government regulations might be needed to prevent ever-evolving crypto hacks.

"This industry is unbelievably cooked when it comes to exploits/hacks and sadly I don’t know if the industry is going to fix this itself unless the government forcibly passes regulations that hurt our entire industry.

Several ‘decentralized’ protocols have recently had nearly 100% of their monthly volume/fees derived from DPRK and refuse to take any accountability."

ZK is trading for $0.046 at time of writing, down 7.5% over the past 24 hours.

The post ZKsync Suffers $5M Exploit as Hackers Drain ZK Tokens appeared first on iGamers.

The post ZKsync Suffers $5M Exploit as Hackers Drain ZK Tokens appeared first on iGamers.

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An interesting integration is now live on the Zilliqa blockchain. The popular blockchain game Chainmonsters is now available in the Zilliqa ecosystem. Chainmonsters is a role-playing game (RPG) with an emphasis on battling other players in the game. At its core, Chainmonsters is a blockchain game that aims to bring the classic RPG experience to Web3 with a focus on battling, trading, and collecting.

The game is powered by the Zilliqa blockchain, which provides the game with the security and scalability it needs to handle a large number of players and transactions. The game is still under development, but it is already clear that it has the potential to be a major hit in the blockchain gaming space.

Chainmonsters is currently in closed beta, with a public beta set to launch in early 2024. The game is being developed by a team of experienced game developers who are passionate about creating a fun and engaging game that will last for years to come.

Here are some of the key features of Chainmonsters:

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Here are some of the advantages of integrating Chainmonsters with the Zilliqa blockchain:

* Zilliqa can handle the high throughput required for a game with a large number of players.

* Zilliqa is a secure blockchain, which is important for protecting user assets.

* *Zilliqa is a proven technology that has been used to build successful products before.

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The game is set to fully launch in 2024. It is currently in closed