zkLend was hit by a major cyber attack, losing over $9 million in Ethereum. The platform has paused operations and launched an investigation.
Damage and Actions by zkLend
As a result of the cyber attack, zkLend lost over $9 million in Ethereum. The platform has halted all withdrawal operations and initiated an internal investigation to uncover details of the incident.
Negotiations to Recover Funds
zkLend has offered the hacker a 10% reward for the return of 3,300 ETH, valued at around $8.4 million. The platform assures that no legal actions will be pursued if the funds are returned, indicating a willingness to negotiate.
Strengthening Security
To prevent similar attacks in the future, zkLend is partnering with blockchain security experts and using advanced tools to track stolen assets. The incident has highlighted the need for enhanced security measures within decentralized finance platforms.
The attack on zkLend underscores the importance of robust security practices in the decentralized finance sector, especially given the significant investments in the company.
