Key Takeaways:
Layer-1 network ZetaChain paused its mainnet on Monday after a hack compromised internal team wallets. The project stated that the attack did not affect any user funds and that the vulnerability had been identified and blocked.
"There was an attack against the ZetaChain GatewayEVM contract today that impacted the internal ZetaChain team wallets only," the project’s official account posted. "We've already blocked the attack vector so no more funds can be compromised and will be releasing a detailed post mortem after we have completed our investigation."
ZetaChain’s status page confirmed that mainnet cross-chain transactions were paused as a precaution while the team prepared a patch. The incident marks the second significant cross-chain exploit in April, following the earlier hack of KelpDAO. CoinGecko data showed the ZETA token traded down 4.8 percent to near $0.054 in the hours following the disclosure.
The incident drew mixed reactions from the crypto community. While some praised the team for its quick disclosure and response, the event amplified growing concerns about the security of cross-chain bridges and interoperability protocols, which have become frequent targets for attackers.
This article is for informational purposes only and does not constitute investment advice.
