A breach of security at ZKsync, related to one of its airdrop distribution contracts, has resulted in the unauthorized sweep of about $5 million worth of ZK tokens. An official statement from the ZKsync security team noted that the attack was the result of a compromised admin account, giving the attacker access to unclaimed airdrop tokens. The incident has been depicted as completely contained and isolated. ZKsync underscored that no user funds were affected at any point, and the core infrastructure—including the ZKsync protocol, the ZK token contract, and all governance-related contracts—remains entirely secure. The assault did not affect any
The post ZKsync Confirms Admin Account Hack in Airdrop Contract: ~$5M Worth of ZK Tokens Compromised appeared first on The Merkle News.
]]>Built on Ethereum, zkSync Era is the second-largest blockchain for Real-World Asset tokenization, 26% of whose total market share consists of its over $1.78 billion in on-chain tokenized assets. Just 27 projects account for this extensive amount of tokenized assets, which means each project, on average, tokenizes around $66 million worth of Real-World Assets. With this kind of growth, zkSync Era seems well-positioned to only go further and tokenize even more assets. zkSync Era’s Infrastructure and Growing Role in Tokenized Assets At the heart of the success of zkSync Era is its use of the innovative Zero-Knowledge Rollup (ZK-Rollup), a
The post zkSync Era: The Rise of Tokenized Real-World Assets on a Scalable Blockchain appeared first on The Merkle News.
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According to S&P Global, tokenization can eliminate many investment barriers in the private credit market.
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Deutsche Bank is building a layer-2 blockchain on Ethereum using ZKsync to enhance compliance in regulated finance.
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ZKsync aims to accelerate personal freedom and mass crypto adoption through its developer-friendly blockchain stack.
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The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.
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LayerZero’s native ZRO token has vastly outperformed the tokens of other projects including ZKsync and Starknet, which were airdropped around the same time.
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Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts, was difficult but necessary, according to the CEO Alex Gluchowski. Departing employees will receive a comprehensive exit package, including salary continuation, healthcare, career support, and […]
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Matter Labs is the creator of the Ethereum layer-2 scaling solution ZKsync.
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The project claimed it was allowing users 72 hours to sign up to receive their ETH back, but two months later, the funds have not moved.
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