ZKSync Recovers $5M in Stolen Tokens Through Bounty Negotiation
ZKSync Recovers $5M in Stolen Tokens Through Bounty Negotiation
šµļø Hacker Returns the Bag
ZKSync Association successfully recovered $5M worth of tokens stolen during an April 15 security breach of their airdrop distribution contract.
The resolution came through direct negotiation with the hacker, who agreed to:
- Return 90% of stolen funds
- Accept 10% as a white-hat bounty
This case highlights an emerging trend in DeFi security where projects resolve theft through bounty diplomacy rather than traditional legal channels.
No legal authorities were involved in the recovery process.
Key Implications:
- Sets precedent for crypto dispute resolution
- Demonstrates alternative to court proceedings
- Raises questions about sustainable security practices
BIG NEWS: @zksync just recovered $5M in stolen tokensāno courts, just crypto bounty diplomacy. Is this the future of DeFi justice or a dangerous new norm?
Loopscale Freezes Operations After $5.8M Oracle Exploit on Solana
Loopscale, a DeFi protocol on Solana, has suspended all lending operations following a $5.8M oracle exploit. This incident follows February's network-wide outage that affected $1.6B in locked assets. - Protocol immediately froze lending to prevent further losses - Latest in series of Solana DeFi security challenges - Raises questions about scalability vs security trade-offs *The exploit specifically targeted price oracle vulnerabilities*, highlighting ongoing challenges in DeFi infrastructure security. **Key concerns:** - Oracle manipulation risks - Protocol scaling safety - Impact on user funds
Battle Derby 2025 Update: Enhanced Performance and New Features
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Modular Blockchains Reshape Web3 Landscape
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Twenty One Launches as Major Bitcoin-Native Company
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Realms of Alurya Launches Hunt and Mint Event
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