Stay Ahead of the Curve: Blockchain News and Insights Delivered by On-Chain Media
LATEST NEWS
 Apr 16, 2025    |    1 year ago

zkSync Hit by $5 Million Exploit, Exposing Layer-2 Vulnerabilities

profile

Olayimika Oyebanji

324
0   comments

zkSync, a prominent Ethereum Layer-2 scaling solution, has suffered a $5 million exploit, raising concerns about the security of privileged access systems in decentralized infrastructure.

 

 

According to reports circulating on X, the breach stemmed from a compromised admin wallet, enabling the attacker to mint 111 million unauthorized tokens.

 

 

The incident also involved a separate compromise of an airdrop account, which further contributed to the $5 million loss. While the exploit has not yet gone viral, the details point to persistent vulnerabilities in zkSync’s Layer-2 framework, underscoring the risks of centralized control points in otherwise decentralized systems.

 

 

This breach follows a string of high-profile DeFi exploits, including the recent $5 million 1inch hack in March 2025. zkSync has not yet issued an official statement, but the incident is likely to prompt scrutiny of its security practices and spark broader discussions about the resilience of Layer-2 solutions.

 

 

On-Chain Media will continue to monitor developments and provide updates as more information emerges.

 

 


 

 

 

 

 

DISCLAIMER

On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence

Tags :

Trending
Web 3
Crypto
Latest

ad

0   Comments

Recommended For You

Show More

...
Brian Gitau    |  Apr 28, 2026
U.S. Moves to Revise Bitcoin Reserve Strategy

Rep. Nick Begich plans to reintroduce a revised Bitcoin reserve bill, renamed the American Reserves Modernization Act, to secure BTC’s role as a U.S. reserve asset.

...
Gitonga Victor    |  Apr 24, 2026
Bitcoin Nears $80K: Breakout Momentum Builds Amid Key Resistance Test

Bitcoin trades near $77.6k as it tests the $80k resistance. Explore On-Chain Media's technical analysis on key support levels and BTC's next major move.

...
Paul Osadchuk    |  Apr 23, 2026
How Web3 is Turning Traditional Career Paths Upside Down

Ditch the Excel sheets. Explore how Web3 careers, from smart contract development to DeFi, offer more freedom, fast growth, and high demand.

Got A Story? Submit Your Article & Get Access To Free Editorial Support!

Support On-Chain Media

On-Chain Media is an independent, reader-funded crypto media platform. Kindly consider supporting us with a donation.

BTC:

bc1qp0a8vw82cs508agere759ant6xqhcfgcjpyghk

ETH:

0x18d7C63AAD2679CFb0cfE1d104B7f6Ed00A3A050

SOL:

CBaXXVX7bdAouqg3PciE4HjUXAhsrnFBHQ2dLcNz5hrM

GlobeNewswire Press Releases

Contains the last 12 releases