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The Defiant
2025-04-15 15:34:27

zkSync Suffers $5M Loss After Admin Wallet Exploit

zkSync, an Ethereum Layer 2 network with over $500 million in total value locked (TVL), experienced a security breach on Tuesday when an admin wallet was compromised. The zkSync team confirmed that the breach led to the theft of $5 million worth of ZK tokens, which were part of the remaining unclaimed tokens from the ZKsync airdrop . “Necessary security measures are being taken,” the team said on X . The protocol's native ZK token has dropped around 10% over the past 24 hours, according to CoinGecko. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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