ZKsync Hacker Accepts Bounty, Returns Nearly $5M in Stolen Crypto

Quick Summary:

Ethereum Layer-2 project ZKsync confirms resolution after exploit drains millions from airdrop contract; final report pending.

Much of this total was driven by the catastrophic Bybit exploit, which alone resulted in $1.45 billion in losses and has raised industry-wide concerns about centralized exchange security practices.

The recovered assets, consisting of over 44.6 million ZK tokens and nearly 1,800 ETH, are now under the custody of the ZKsync Security Council, which will determine the next steps via governance.

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Article Details

Author / Journalist: Vismaya V

Category: Crypto

Markets: Estonia

Topics: Hackers Bounty Hacks ZkSync Coins Bug bounty Theft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 07:02:05 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 28185679

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

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Year Established: 2018

Headquarters: Estonia

News Last Updated: 15 hours ago

Coverage Areas: Estonia

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Publisher ID: #63

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