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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...

The Wormhole price rallied over 9% in the last 24 hours to trade at $0.3457 as of 11:31 p.m. EST as an investor frenzy erupts around the altcoin. Along with the recent surge, the W price is also in the green on the longer time frames with a 35% pump over the last 7 days a 64% jump over the past month. The Wormhole Price Up Against A Tough Barrier 4-hour chart for W/USDT (Source: TradingView ) The Wormhole price is being held back by a negative trend line on its 4-hour chart. This comes after the altcoin lost the support at $0.3760 after briefly breaking above this mark in the last 24 hours. Now, W stands the risk of testing the $0.3205 price point within the next few hours. A break below this level could lead to the crypto dropping to as low as $0.28. On the other hand, buyers identifying the altcoin’s current levels as a buy opportunity might invalidate the bearish thesis. In this alternative scenario, the Wormhole price could attempt a challenge at the aforementioned des...

The BNB Chain development team has unveiled launched opBNB on the mainnet to scale decentralized applications (dapps). This milestone comes after a rigorous testing phase aimed at assessing the network’s overall reliability and functionality. Today, we're launching the opBNB mainnet! Our Layer 2 solution is now fully released to the public, allowing for lightning-fast transactions and super-low fees! Let's dive deeper into the incredible benefits this brings to BSC [1/6]https://t.co/vRK7Pbyk4b pic.twitter.com/hqxt3ChsR4 — BNB Chain (@BNBCHAIN) September 13, 2023 Built on Optimism’s software package known as OP Stack, opBNB is a layer-2 scaling solution engineered to accelerate transaction speeds and diminish fees for dapps. The technology allows for the deployment of Ethereum(ETH)-compatible dapps on an off-chain layer , subsequently securing these transactions through the BNB Chain using optimistic rollup technology. This architecture aims to resol...

Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis. Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) Features and products to its ecosystem. Aave’s community recently voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi protocol to tap into powerful performance improvements delivered by the scaling infrastructure. A number of different zk-proof-powered layer-2 protocols are being developed by Ethereum ecosystem participants, providing the wider space with a choice of infrastructure to scale their respective platforms. While Aave has yet to deploy on zkSync Era, it has announced its deployment of V3 of its protocol on Optimistic rollup scaling protocol Metis. The latest version of Aave’s protocol is touted to benef...