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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. “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 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 sophisticated vulnerability in ZKsync’s zero-knowledge proof mechan...

Pump.fun, a Solana -based platform that promises you can ‘launch a coin that is instantly tradeable’ was exploit ed for approximately $2 million worth of Solana by a hacker who seemed to subsequently promise to distribute the exploit ed funds to other Solana users. According to pump.fun, “the TVL in the protocol right now is safe” and “if you have ever connected your wallet to //pump.fun, your wallet is safe.” An X (formerly Twitter) user with the username STACCoverflow, who has previously posted images suggesting their name is Jarett Reginald S Dunn , appears to have taken credit for the exploit in a series of unusual posts. And now; Magick: everybody be cool, this is a r o b b e r y. What it do, staccattack? I'm about to change the course of history. n then rot in jail. am I sane? nah. am I well? v much not. do I want for anything? my mom raised from the dead n barring that: /x — 🪂staccoverflow ; j'arrête ; (@STACCoverflow) May 16, 2024 In this series of twee...