Ethereum Heist: zkLend’s $9.5M Blunder Sparks Comedy of Crypto Errors
zkLend suffered a heist with hackers exploiting a smart contract flaw, swiping 3,600 Ethereum worth $9.5 million. Now, zkLend is playing a high-stakes game of crypto “Let’s Make a Deal,” offering the hacker 10% of the loot if they return the rest. It’s like a digital Robin Hood, but with more math errors.
Hot Take:
Well, it looks like zkLend just got hit by a classic case of “Oops, I did it again!” But instead of a pop song, it’s a financial nightmare brought on by a sneaky hacker with a penchant for rounding errors. Who knew that a simple decimal place could cause a $9.5 million headache? It’s like losing a fortune because you forgot to carry the one. Maybe zkLend should consider hiring a math teacher instead of a cybersecurity expert. Just saying.
Key Points:
- zkLend, a decentralized money lender on Starknet, suffered a breach losing 3,600 Ethereum.
- The breach exploited a rounding error bug in the smart contract’s mint() function.
- Starkware confirmed the flaw was application-specific, not Starknet-related.
- zkLend offers the hacker a 10% bounty if they return 90% of the stolen funds.
- Legal action is promised if the hacker doesn’t comply by February 13th.
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