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- ZkLend got hacked earlier today and lost over 3,300 ETH.
- The hacker was offered 10% of the funds as whitehat bounty.
- The team asked the hacker to return 90% of the funds by 00:00 UTC, February 14th, 2025.
Earlier today, money-market protocol zkLend faced an exploit and paused withdrawals on the protocol. In a recent X post, the zkLend team confirmed that the protocol had been hacked.
The zkLend team left a message for the hacker via the Eth ZEND token deployer account, in which it urged the hacker to keep 10% of the funds and to return the remaining amount i.e. 3,300 ETH. If the hacker returns 90% of the funds, the zkLend team will treat it as a whitehat incident and won’t take legal action. It said, “Upon receiving the transfer, we agree to release from any and all liability regarding the attack.”
The hacker has been given a deadline of 00:00 UTC, 14th February 2024, to take action. After that, the team will proceed with steps to prosecute the exploiter.
In a more recent X post, the team mentioned that it is actively pursuing the identification of the hacker and tracking the funds.
To our users:
We are actively tracking the funds and pursuing the identification of the hacker, in collaboration with @StarkWareLtd, the @StarknetFndn, @zeroshadow_io (formerly @chainalysis Incident Response), Binance Security Team, and @HypernativeLabs.
We are committed to…
— zkLend (@zkLend) February 12, 2025
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Noor Bazmi
Noor Bazmi contributes to Cryptopolitan news team equipped with a Media Studies degree. Noor covers news on blockchain, cryptocurrency, artificial intelligence, Big Tech, EV markets, global economics, and government policy shifts. She is taking studies in marketing to connect with global audiences.
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