ZKsync Admin Wallet Hack Triggers Token Plunge as Bitcoin and Ethereum Show Mixed Signals
On Tuesday, ZKsync (ZK), an Ethereum layer-2 scaling solution, suffered a security exploit. Hackers compromised its admin wallet and minted 111 million unclaimed ZK tokens that were withdrawn, worth $5 million. The ZK token price collapsed in the aftermath of the incident. It immediately fell close to 19% before recovering...