On April 15, 2025, ZKsync confirmed that $5 million worth of ZK tokens were stolen after an admin wallet linked to the project's airdrop contracts was compromised.

Ethereum has re-entered a multi-year trading range, showing continued weakness with no signs of bullish momentum.

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.

ZKsync's admin account was hacked, stealing $5M in tokens. The project confirms user funds are secure.

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Major cryptocurrencies are in the red as macro uncertainty and trade war tensions weigh on sentiment. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,157.00 -1.2% Ethereum (CRYPTO: ETH) $1,609.19 -2% Solana (CRYPTO: SOL) $128.50 -1.8% XRP (CRYPTO: XRP) $2.12 -1.7% Dogecoin (CRYPTO: DOGE) $0.1554 -3.5% Shiba Inu (CRYPTO: SHIB) $0.00001183 -2.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 28.6% and daily active addresses growing by 19%.

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Ethereum (ETH) Layer-2 scaling solution 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.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

A compromised admin account connected to ZKsync's airdrop contracts executed a transaction that minted approximately $5 million worth of ZK tokens, stealing the remaining unclaimed allocation from the network's first token distribution. The attacker exploited a function to claim the tokens on April 15 and issued around 111 million ZK tokens, equivalent to roughly 0.

ZKsync confirms that approximately $5 million in airdrop tokens were stolen due to a compromised admin account.

ETH is trading at ~$1,600 today.

TL;DR ZKsync suffered a cyber attack that compromised an admin account, stealing around $5 million in ZK tokens from unclaimed airdrop funds. The protocol ensured that user funds are safe and were unaffected, maintaining the integrity of the contracts and the ZK token. The attack caused a 8.3% drop in the price of ZK.

Leading altcoin Ethereum has seen its price climb 5% over the past week, riding the wave of a broader market recovery. This price growth has reignited demand for the altcoin, particularly among US-based ETH retail traders, as indicated by on-chain data.

Ethereum (ETH) is showing signs of stabilization after weeks of downside volatility, as a newly formed upward trendline on the daily chart suggests the $1,600$1,700 range may act as a key support zone. The formation of higher lows points to a potential bullish shift in sentiment, indicating renewed accumulation among market participants.

ZKsync confirmed that a compromised admin account drained approximately $5 million worth of ZK tokens from its airdrop contract.

On Tuesday, shortly before 10 a.m., Zksync revealed a breached administrative account had commandeered $5 million in ZK tokens. The cryptocurrency nosedived 13% against the U.S. dollar to $0.04151 in the wake of the announcement, erasing gains with algorithmic swiftness.

ZKsync announced that one of its admin accounts, which controlled $5 million worth of ZK tokens, was hacked. The project has also reportedly dumped more than 66 million additional tokens.

The ZK token, introduced in June 2024 through a controversial airdrop, is down approximately 15%, according to The Block's data page.

The exploit highlights vulnerabilities in crypto airdrop security, potentially undermining investor confidence and impacting market stability. The post ZKsync's ZK token drops over 15% after airdrop contract exploit, $5 million stolen appeared first on Crypto Briefing.

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An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens.

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Ethereum could play a key role in solving some of the most pressing problems facing artificial intelligence, according to Eric Connor, a former core developer of the blockchain. The post Ethereum Has ‘Huge Opportunity' to Fix AI's Centralization Problem, Says Former Dev appeared first on Cryptonews.