ZkLend lost over $4.9 million in a cyber attack.
The ZkLend team gave a bounty for the stolen assets.
It is just the second month of 2025 and the crypto universe witnessed another massive hack. Decentralized money lending protocol zkLend was hacked and lost over $4.9 million in assets.
On February 12, blockchain security firm Cyvers revealed in their X post that ZkLend was exploited on the Starknet network and lost $4.9 million.
Cyvers said,
“zkLend has suffered a $4.9 million exploit on the Starknet network. Stolen funds were bridged to Ethereum and laundered via Railgun, but due to protocol policies, the funds were returned to the original address by Railgun!”
In response to the hack, zkLend reached out to exploiters and offered a whitehat bounty of 10% of the funds. The team said that they agreed to release from any liability regarding the attack.
The team provided their Ethereum address: 0xCf31e1b97790afD681723fA1398c5eAd9f69B98C demanding 90% of funds back to
We współpracy z: https://thenewscrypto.com/zklend-hit-by-starknet-exploit-and-lost-4-9-million/
