The zkSync Era, just a fledgling in the vast crypto market, faced a tough introduction to the sector’s challenges this past week, marked by significant breaches and unexpected setbacks.
EraLend Loses $3.4M in Security Breach
On Tuesday, July 25, cyber attackers pilfered a staggering $3.4 million from EraLend, a lending platform operating on the zkSync Era. In the aftermath, the EraLend team promptly halted all activities.
A subsequent update revealed they had pinpointed a potentially involved crypto exchange account. Furthermore, they suspect that the culprits may have utilized a certain VPN provider to obscure their online tracks.
“We’ve pinpointed a suspicious CEX account that appears to be linked to an individual potentially involved in the incident. We are collaborating closely with the local police department, providing them with all relevant information,” said EraLend.
To incentivize assistance, EraLend promised 10% of any reclaimed funds as a reward for information leading to hackers.
“We are rallying the entire community, urging you all to stand together with us in facing the criminals who have stolen our funds and violated our rights,” added EraLend.
Kannagi Finance’s Sudden Exit
Adding to zkSync Era’s woes, Kannagi Finance, a yield aggregator protocol, saw its entire asset pool drained on Friday, July 28. This dubious exit marked the first rug pull on the zkSync Era, with Kannagi Finance promptly vanishing online.
After auditing Kannagi Finance’s ERC20 contract in June, Blockchain security firm Solid Proof estimates the heist’s toll at approximately $2.4 million. However, it is important to clarify that their audit did not extend to the Vault contracts in this scam.
“We have already determined that the fraudster is
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Author: James Morales
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