Starknet’s zkLend Suffers $9.5M Exploit, Funds Laundered and Returned via Railgun Protocol
In a wake-up call in the decentralized finance (DeFi) space, zkLend, a decentralized lending platform that operates on the Starknet network, was exploited for $9.5 million. The weekend exploit was a big security hit for the platform, resulting in stolen funds that were supposed to be untraceable. However, in an unexpected twist, the stolen assets were returned, thanks to a feature of Railgun, the privacy-focused protocol that played a part in laundering the funds. The Attack on zkLend A decentralized lending and borrowing protocol called zkLend, built on Starknet, has received a lot of attention for its novel approach to this service. Unfortunately, that reputation took a big hit when the system had a vulnerability exploited by a hacker who made away with about $9.5 million worth of crypto assets. After the funds were stolen, the hacker then bridged the […]