zkSync

A compromised admin account exploited ZKSync's airdrop distribution contracts, minting approximately 111M unclaimed ZK tokens (~0.45% of total supply) worth ~$5M. Key points: - Exploit contained to airdrop contracts only - No further token minting possible - Main protocol, ZK token contract, and governance systems unaffected - User funds were never at risk The attacker still holds majority of funds at address: [0xb1027ed67f89c9f588e097f70807163fec1005d3](https://era.zksync.network/address/0xb1027ed67f89c9f588e097f70807163fec1005d3) ZKSync team is coordinating with exchanges and @_seal_org for recovery. Attacker encouraged to contact security@zksync.io to negotiate return.

At The Institutional Crypto Conference NYC, representatives from major financial institutions gathered to explore the current implementation and future of tokenization. The panel featured speakers from Goldman Sachs, Figure Markets, DTCC, and Ozhar. This discussion follows Goldman Sachs' earlier announcement of three tokenization projects planned for deployment. The increasing participation of traditional financial institutions signals growing mainstream acceptance of digital asset infrastructure. - Key participants included leaders from major financial institutions - Focus on practical implementation of tokenization - Builds on Goldman's planned tokenization initiatives *The convergence of traditional finance and digital assets continues to accelerate.*

Matter Labs representative @alcitocampenni is scheduled to present at EtherArgentina in Córdoba. The talk will focus on **Elastic Network interoperability** and practical real-world applications. This continues Matter Labs' engagement with the Argentine crypto community, building on Ethereum's growing presence in the region.

Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)

Despite the broader crypto market experiencing a bearish October, the ZKSync ecosystem is bucking the trend with significant developments: - Continuous shipping of new projects and updates - Strong ecosystem growth, contrasting with general market sentiment - Multiple initiatives launched, represented by letters: R Z I X Q S T C C P G This 'Octobull' for ZKSync highlights the resilience and progress of zkRollup technology on Ethereum Layer 2, even in challenging market conditions. Stay tuned for more updates on ZKSync's ecosystem expansion and its impact on Ethereum scalability.

Alex Gluchowski (@gluk64), founder of zkSync, recently spoke at @crecimientoar about blockchain scaling challenges and ZK technology as the ultimate solution. Key points covered: - ZkSync's product lineup: Lite, Era, and Elastic Chain - The importance of building practical dapps for real-world use - Introduction of FreeFi: An on-chain banking system integrating: - DeFi - Payments - Real-world assets (RWAs) - On-ramps - Last-mile integrations This comprehensive approach aims to address scaling issues while creating a user-friendly ecosystem for mainstream adoption. To learn more about zkSync's vision and FreeFi, check out the full discussion.

The ZK Sant event at Token2049 brought together ZKSync builders for networking and knowledge sharing. Key highlights: - Open mic format allowed projects to pitch their Elastic Chain visions - Event fostered connections within the ZKSync community - Organizers hinted at future ZK Sant gatherings Special thanks to event hosts: - ZKCandyHQ - Zerion - hue_nfts - getclave - playFiAI The event underscored the growing ecosystem around ZKSync and its Elastic Chain technology.

TreasureDAO is set to join the Elastic Chain, marking a significant development in the ZK ecosystem. A fireside chat is scheduled for tomorrow, featuring: - @gluk64 - @karelvuong - @jpatten__ Topics to be discussed include: - TreasureDAO community and games - Treasure Chain on ZK Stack - Elastic Chain ecosystem This move follows recent integrations and announcements in the ZK space, including: - ZKsync Era's integration with Zapper and Coinbase - Chainlink CCIP support on ZKsync Era - Multiple ZK Chains planning launches this year The Elastic Chain ecosystem aims to provide shared liquidity and applications across ZK Chains, potentially benefiting gamers and developers.

Messari has published an in-depth report on ZKSync's innovative rollup technology. The report covers: - Technical aspects of ZKSync - Governance structure - Elastic Chain concept - Ecosystem overview Authors @CabronElBufon and @redvelvetzip provide a thorough analysis of this groundbreaking Ethereum Layer 2 solution. The report aims to help readers understand ZKSync's potential impact on blockchain scalability and adoption. Interested parties can access the full report at: https://messari.io/report/understanding-zksync

Highlight.xyz has launched on zkSync Era, streamlining the NFT creation process. The platform offers: - Comprehensive tools for creators - Full marketplace support for buying and selling To mark this launch, Highlight.xyz is sponsoring a special Zeek NFT. This commemorative piece is available for minting at: https://highlight.xyz/mint/zksync:0xA5f00cc908FB6c0f648304efc825856e413CE568:1 Creators looking to dive into the NFT space on zkSync Era now have a powerful ally in Highlight.xyz, making the process more accessible than ever.