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The ZK token is down by 13.7% in the past 24 hours.
Updated Apr 15, 2025, 2:35 p.m. Published Apr 15, 2025, 2:28 p.m.
An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens.
The stolen funds were the "remaining unclaimed tokens from the ZKsync airdrop," ZKsync wrote on Twitter, before saying that "necessary security measures are being taken."
The protocol's ZK token has dropped almost 14% over the past 24 hours. Volume has increased by 96% to $71 million in the same period.
ZKsync said the attack was an isolated incident and that it is confined to the token airdrop contract.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
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