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ZKsync Reports $5M ZK Token Theft, Price Drops 20% After 1.7M Tokens Bridged to ETH

ZKsync, a blockchain platform, has reported that its security team identified a compromised admin account that led to the unauthorized access and control of approximately $5 million worth of ZK tokens. These tokens were part of the remaining unclaimed tokens from the ZKsync airdrop. The incident was isolated to the ZK Token airdrop contract and was caused by a compromised key. ZKsync has assured that all user funds remain safe and have never been at risk during this breach. The platform and the token contract continue to be secure. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag

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Crypto Needs Tools to ‘Demonstrate How Powerful Self-Custody Can Be’: WalletConnect Director

Former Kraken Chief Legal Officer Marco Santori talks global crypto regulation, privacy and his new role at WalletConnect. CoinOtag