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ZkLend, a decentralized lending protocol on Starknet, has showed an exploit on its platform and recommended the attacker to go back stolen budget.
Whilst the platform has now not disclosed the precise quantity taken, blockchain safety company Cyvers estimates the loss at roughly $9.5 million.
Bounty be offering
In a Feb. 12 submit on X, the lending protocol mentioned:
“We remember that you might be answerable for nowadays’s assault on zkLend. You could stay 10% of the budget as a whitehat bounty, and ship again the rest 90%, or 3,300 ETH to be precise, to this Ethereum deal with: 0xCf31e1b97790afD681723fA1398c5eAd9f69B98C.”
The platform confident the attacker that no felony motion can be taken if the property had been returned sooner than the cut-off date of 00:00 UTC on Feb. 14, 2025. On the other hand, ZkLend intends to pursue felony measures and monitor the stolen property if the hacker refuses to take action.
The protocol emphasised the legitimacy of its request, pointing out that the message was once despatched from its Ethereum ZEND token deployer account. It additionally recommended the general public to ensure the ideas via its reliable X account.
Based on the breach, ZkLend has suspended withdrawals and recommended customers to not deposit budget or pay off loans till additional realize.
The crew is actively investigating the exploit in collaboration with blockchain safety professionals and legislation enforcement companies. As soon as the investigation concludes, a complete document detailing the incident and safety features can be revealed.
In the meantime, Cyvers reported that the stolen ETH was once bridged to Ethereum and moved via Railgun, a privacy-focused transaction provider. On the other hand, because of Railgun’s interior insurance policies, the budget had been redirected to their unique deal with.
Over $100 million stolen this 12 months
This assault on ZkLend provides to the rising record of safety breaches within the crypto sector.
Knowledge from DeFiLlama signifies that cybercriminals have stolen over $100 million from blockchain initiatives in early 2025. This follows a staggering $2.2 billion loss throughout 303 incidents recorded in 2024.
As hacking threats persist, marketplace observers warn that the trade may face any other 12 months of heavy monetary losses.
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