Once upon a time, on the rather wicketty-wonky date of April 15, the ever-busy boffins behind Ethereum’s ZKsync network popped out of their brainboxes and discovered that—oh, cluck and gulp!—their precious admin account had been well and truly pinched. Not by the BFG, mind you, but by an unseen and particularly greedy cyber ‘giant’ who tiptoed off with $5 million worth of shiny ZK tokens! 🦹♂️ What did the team say? Why, “Please remain calm, dear users, your nuggets and trinkets are snug as bugs. It’s only the leftover airdrop loot that’s vanished into the digital night.”
“This is a one-off, a blip, a burp—involving a key so leaky a colander would blush. Only the airdrop contract felt the mischief.”
ZKsync boffins spotted the pilfery and are busily plugging the holes with the digital equivalent of bubble gum and plasters. User funds, they say, “have never been at risk,” though some investors may have swallowed their monocles in distress.
— ZKsync (∎, ∆) (@zksync) April 15, 2025
A Staggering $5 Million Made to Disappear—Abracadabra!
Not long after, a wild update appeared! It turned out the admin of three magical airdrop contracts was actually a very naughty rascal who’d pressed a button and—bing bang bong—111 million unclaimed ZK tokens sparkled into existence. If only you could print pounds or dollars so easily, eh? Suddenly, the market supply got an extra sprinkle (0.45% more!) and prices did a little limp and plop.
“All the minted-mischief has already happened. No more can be squeezed from these lemons.”
Even after all that jiggery-pokery, the bandit still had 44 million ZK tokens (that’s $2.1 million) and a cozy stash of 2,200 ETH (another $3.4 million) sitting comfortably in a virtual vault somewhere, probably sipping a piña colada.
Sensible folks wondered, “Why, oh why, were these digital sweeties sitting unguarded?” ZKsync’s own Willy Wonka, Alex Gluchowski, piped up with, “The leftover tokens were supposed to go back in the magic hat. We’re checking why the bunny didn’t appear.”
“The thief is in a spot of hot soup. For their own sake, best return the loot before Officer Plod comes knocking,” said Alex, who looked suspiciously like he’d misplaced his golden ticket.
Right now, we’re running around with magnifying glasses, hunting for clues, jam sandwiches in hand. Stay tuned for an update once we’ve had our fill of detective work and biscuits.
— ALEX | ZK ∎ (@gluk64) April 15, 2025
Meanwhile, ZKsync’s shiny treasure chest (also known as Total Value Locked) has shrivelled by nearly 80%—from “rather nice” to “dusty skeleton”—since February. At last count: a measly $60 million, per DeFiLlama (no, not a real llama).
Flash back to June 2024—the ZKsync team tossed out 3.67 billion tokens like Willy Wonka’s golden tickets. Found one? Lucky you! Still got it? Erm… less lucky.
ZK Prices Hit The Funky Floor
When word of the hack skedaddled across the internet, ZK token price dived faster than Augustus Gloop into a chocolate river—down 13%, smacking an all-time low of $0.0415, before bouncing back up (just a little). As of now? $0.0472. Still not much to buy a chocolate bar, eh?
This token wasn’t always quite so… well, pathetic. In December, it strutted up to $0.262. Its highest ever point? $0.321. Now? More “Charlie without his factory,” less “richest boy in town.”
Moral of the story: in crypto-land, there are no Oompa Loompas to clean up the mess.🍫🤷♂️
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2025-04-16 08:59