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ZetaChain Confirms Attack on Platform, Says No User Funds Were Affected

1d ago
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  • ZetaChain said attackers exploited a cross-chain loophole on the network last Monday.
  • The network confirmed that users’ funds remained safe despite a $334,000 loss.
  • The attacker aligned 3 issues in the cross-chain messaging system to exploit ZetaChain.

Layer 1 network ZetaChain officially confirmed a targeted exploit on its platform involving deliberate preparation, including Tornado Cash funding and wallet address spoofing.

$334,000 Stolen Across Four Chains

In its latest post on X, the ZetaChain team stated that the attack affected specific GatewayEVM arbitrary-call functionality, resulting in approximately $334K in losses across four connected chains.

However, the blockchain network noted that the exploit did not affect cross-chain ZETA transfers or user funds. According to the platform, all wallets affected by the attack were controlled by ZetaChain. Me…

Read The Full Article ZetaChain Confirms Attack on Platform, Says No User Funds Were Affected On Coin Edition.

1d ago
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