zk-sync

The headlines shouted “Funds Recovered!” and “Hacker Returns Stolen Crypto!”. ZKSync supporters breathed a sigh of relief. Beneath the surface of this seemingly happy ending lies a chilling truth: the very mechanism that allowed for the swift recovery exposes a critical flaw in the system's design. A $5 million hack,...

The rapidly evolving landscape of decentralized finance (DeFi) is full of innovation and promise, yet it continues to pose serious security threats. A couple of weeks ago, ZKsync—one of the most popular Layer-2 scaling solutions on Ethereum—suffered a security exploit. The ramifications of this incident resulted in the loss of...