zkLend gets hacked, hacker offered 10% bounty in return of 90% of the funds

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Earlier today, money-market protocol zkLend faced an exploit and paused withdrawals on the protocol. In a recent X post, the zkLend team confirmed that the protocol had been hacked.

The zkLend team left a message for the hacker via the Eth ZEND token deployer account, in which it urged the hacker to keep 10% of the funds and to return the remaining amount i.e. 3,300 ETH. If the hacker returns 90% of the funds, the zkLend team will treat it as a whitehat incident and won’t take legal action. It said, “Upon receiving the transfer, we agree to release from any and all liability regarding the attack.”

zkLend gets hacked, urges the hacker to return 90% of the funds
Source: Etherscan

The hacker has been given a deadline of 00:00 UTC, 14th February 2024, to take action. After that, the team will proceed with steps to prosecute the exploiter.

In a more recent X post, the team mentioned that it is actively pursuing the identification of the hacker and tracking the funds.

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