A safety breach on February 12 led to the lack of almost $5 million from zkLend, a decentralized lending protocol on Starknet.
Cyvers, a blockchain safety agency, reported that the stolen funds have been transferred to Ethereum
In a February 12 publish on X, Cyvers confirmed, “zkLend has suffered a $4.9 million exploit on the Starknet community. Stolen funds have been bridged to Ethereum and laundered by way of Railgun, however because of protocol insurance policies, the funds have been returned to the unique handle by Railgun!”
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In response, zkLend tried to recuperate the funds by providing the attacker a deal. They proposed that the hacker may hold 10% as a bounty and return the remaining 90%, totaling 3,300 ETH. The group addressed the attacker in a publish on X, stating:
We perceive that you’re chargeable for right this moment’s assault on zkLend. You might hold 10% of the funds as a whitehat bounty, and ship again the remaining 90%, or 3,300 ETH to be actual.
The corporate additionally clarified that they have been working with safety companies and legislation enforcement. They added, “If we don’t hear from you by 00:00 UTC, 14th February 2025, we are going to proceed with the subsequent steps to trace and prosecute you”.
In the meantime, a Canadian citizen lately confronted US costs for allegedly stealing hundreds of thousands from two decentralized finance (DeFi) platforms. How? Learn the complete story.
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