The post zkLend gets hacked, hacker offered 10% bounty in return of 90% of the funds appeared on BitcoinEthereumNews.com.

Earlier today, money-market protocol zkLend faced an exploit and paused withdrawals on the protocol. In a recent X post, the zkLend team confirmed that the protocol had been hacked. The zkLend team left a message for the hacker via the Eth ZEND token deployer account, in which it urged the hacker to keep 10% of the funds and to return the remaining amount i.e. 3,300 ETH. If the hacker returns 90% of the funds, the zkLend team will treat it as a whitehat incident and won’t take legal action. It said, “Upon receiving the transfer, we agree to release from any and all liability regarding the attack.” Source: Etherscan The hacker has been given a deadline of 00:00 UTC, 14th February 2024, to take action. After that, the team will proceed with steps to prosecute the exploiter. In a more recent X post, the team mentioned that it is actively pursuing the identification of the hacker and tracking the funds. To our users: We are actively tracking the funds and pursuing the identification of the hacker, in collaboration with @StarkWareLtd, the @StarknetFndn, @zeroshadow_io (formerly @chainalysis Incident Response), Binance Security Team, and @HypernativeLabs. We are committed to… — zkLend (@zkLend) February 12, 2025 Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? – Find Out Here Source: https://www.cryptopolitan.com/zklend-hacked-hacker-return-90-percent-funds/

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Filed under: News - @ February 12, 2025 6:27 am