This week saw cyber incidents impacting the crypto industry with zkLend and Four.Meme falling victim to hacks, while Zservers faced international sanctions.
zkLend Loses Millions
The decentralized lending protocol zkLend suffered a $4.9 million exploit on the Starknet network. The funds were transferred to Ethereum and laundered through Railgun, but they were returned to the original address. zkLend proposed the attacker keep 10% as a bounty if the rest was returned, warning of law enforcement actions if refused.
Cyberattack on Four.Meme
The launch platform Four.Meme suffered a hack resulting in the loss of $183,000. The vulnerability enabled the extraction of liquidity from tokens. Four.Meme assured users that internal funds were safe. The incident occurred amidst hype surrounding the Test (TST) token.
Sanctions on Zservers
The US, UK, and Australia sanctioned Zservers for providing services to ransomware groups. The sanctions freeze assets and impose travel bans on six individuals. OFAC highlighted that Zservers helped mask criminals' locations and activities. Zservers was reported to process $5.2 million in high-risk transactions.
The wave of cyberattacks underscores the need for stronger security measures in the crypto industry. Sanctions show international efforts to combat cybercrime.
