zkSync Era-Based Lending Protocol EraLend Hacked for $3.4M, Suspends Borrowing Operations

zkSync Era-Based Lending Protocol EraLend Hacked for $3.4M, Suspends Borrowing Operations

zkSync Era-based lending protocol EraLend announced it has experienced a security incident on its platform today. The threat has been contained, and all the borrowing operations have been suspended. According to CertiK, EraLend was exploited in a read only reentrancy attack, with a loss of around $3.4 million.

EraLend advised users not to deposit $USDC, and said it was working with partners and cybersecurity firms to address the issue. zkSync Era-based DEX SyncSwap said that only $USDC deposits on EraLend were affected by the incident, while all other assets remain secure and unaffected, including SyncSwap LP supplied on EraLend. However, SyncSwap advised users to withdraw their supplied LP on EraLend.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

Security Incidents

zkSync Era

Lending

In This Article

Related News
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
ZKsync activates decentralized governance system with onchain contracts ZKsync activates decentralized governance system with onchain contracts
Cardano shifts to decentralized governance as Chang hard fork goes live Cardano shifts to decentralized governance as Chang hard fork goes live
Ton developers adopt ‘Resistance Dog’ memecoin avatar to support Pavel Durov; token jumps 140% Ton developers adopt ‘Resistance Dog’ memecoin avatar to support Pavel Durov; token jumps 140%
Latest News More More
3 Hours Ago Avalanche buys back $53M of AVAX tokens from Terra’s LFG
3 Hours Ago Crypto stocks close on huge gains riding Donald Trump’s US election win
1 Day Ago Bitcoin breaks new all-time high above $74,000 amid Trump's early lead on Election Day
1 Day Ago Hamster Kombat loses 86% of users as Paws Mini App soars on Telegram
2 Days Ago Meta opens Llama AI model up to US military
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open