DeFi hacks have hit $629 million April, the highest monthly losses in over a year.
ZetaChain identified three vulnerabilities in its cross-chain messaging system that allowed an attacker to drain $333,868. The losses, spread across nine transactions on four networks, only affected internal team wallets and not user funds.
ZetaChain recently lost about $334,000 in a coordinated exploit that targeted protocol-controlled funds across Ethereum, Arbitrum, Base, and BNB Smart Chain.
A security breach on ZetaChain resulted in the theft of approximately $334,000 through vulnerabilities in its cross-chain gateway infrastructure. The attack specifically targeted internal team wallets using a sophisticated multi-chain approach.
ZetaChain has acknowledged that a vulnerability behind its recent exploit had already been reported through its bug bounty program, but was treated as expected behavior.
A deliberate, multi-chain attack exposed a critical flaw in ZetaChain's arbitrary-call design, resulting in a $333K loss.
ZetaChain pauses cross-chain transactions after a GatewayEVM attack, saying user funds were safe while DefiLlama reported $300K lost.
Zetachain paused its mainnet on April 28 after a vulnerability in its GatewayZEVM smart contract was exploited, with security researchers confirming the root cause within hours of the incident. Key Takeaways: Zetachain paused cross-chain transactions on Tuesday after an exploit targeting the GatewayZEVM contract's call function hit internal team wallets.
Actors and Alerts: ZtarCain.network issued an urgent security warning regarding an alleged exploit on the ZetaChain bridge. Protocol Status: To date, the official ZetaChain team has not released a definitive technical breakdown of the attack's scope. Market Reaction: Users have initiated preemptive fund migrations to mitigate potential losses amid systemic uncertainty.
Layer-1 blockchain network ZetaChain recently confirmed a security incident that briefly disrupted its operations, drawing attention across the crypto community. The team disclosed that the hack impacted only its internal team wallets and did not compromise user funds, a critical reassurance amid growing concerns about blockchain security and cross-chain vulnerabilities.
The attack has only impacted internal ZetaChain team wallets, and no user funds were affected, the team said.