zkSync Era
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·5u1nDF…YLiBSummary
zkSync Era is an EVM-compatible ZK rollup Layer 2 network on Ethereum, developed by Matter Labs and governed through the ZK Nation framework. The network launched its ZK token in June 2024 to significant community controversy over airdrop eligibility and alleged Sybil-farming failures. In April 2025, an admin private-key compromise allowed an attacker to mint 111 million unclaimed ZK tokens worth approximately $5 million from airdrop contracts, though 90% of funds were later recovered via a bounty agreement.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(15 events)
December 2018
Matter Labs founded by Alex Gluchowski and co-founder Alex V. in Berlin.
IQ.wiki - Alex GluchowskiFebruary 2021
Matter Labs raises $6 million Series A with support from Binance, Aave, Curve, and Coinbase Ventures.
TechCrunch - Matter Labs raises $200 millionNovember 2021
Matter Labs raises $50 million Series B led by Andreessen Horowitz (a16z).
TechCrunch - Matter Labs raises $200 million16 November 2022
Matter Labs raises $200 million Series C co-led by Blockchain Capital and Dragonfly, committing to open-source the platform.
TechCrunch - Matter Labs raises $200 million to scale Ethereum18 February 2024
zkSync Era TVL reaches approximately $617 million, representing a 22.47% weekly increase.
Binance Square - zkSync Era TVL rebounds to $617 million17 June 2024
ZK token launches and airdrop distributes 3.675 billion tokens to 695,232 wallets. #ZKsyncScam trends on X amid widespread community backlash over exclusions and alleged Sybil-farming failures.
BeInCrypto - ZKsync Airdrop Outrage: Why #ZKsyncScam Is Trending7 December 2024
ZK token records an all-time high price of approximately $0.2724.
CoinGecko - ZKsync price15 April 2025
Compromised admin private key used to invoke sweepUnclaimed() on three airdrop contracts, minting approximately 111 million ZK tokens (~$5 million). ZK token falls 13.7% to an all-time low of ~$0.04.
CoinDesk - ZKSync Admin Wallet Compromised, $5M Stolen21 April 2025
ZKsync Security Council issues on-chain safe harbor proposal offering attacker a 10% bounty to return 90% of stolen funds within 72 hours.
CryptoSlate - ZKsync reclaims stolen $5 million tokens23 April 2025
Attacker accepts bounty terms and returns approximately $5.7 million in ZK tokens and ETH to the Security Council via three on-chain transactions.
BeInCrypto - ZKsync Price Falters Despite 90% of Stolen Funds Returned13 May 2025
Official X accounts of ZKsync and Matter Labs compromised for approximately 15 minutes; attackers post fake ZK airdrop link and false claims of SEC investigation.
Crypto.news - ZKsync X accounts hacked to promote fake SEC warningsJune 2025
One-year cliff passes for Matter Labs team and investor token allocations, unlocking 3.6% of total supply with up to 0.8% unlocking monthly thereafter through June 2028.
CoinDCX - ZK Token Airdrop: From a $5M Hack to the Future of ZKSync in 2025Decision Log
- hash: 63wYwJt3Kj4kGb3pMmhoEADKnRUCoREHFr8BoEnzdSAU
- hash: 6cNiM7Yb95xBpMR7pzcivs8qTU17Kd1Y7z4kMEEjwPRC
- hash: DJnW5gx7DZdRbpJmDJq19Xqm6LAFG42Df9MKTgp88xyX
This investigation is cryptographically anchored to the Solana blockchain (3 events). 19 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:48:57 PM
last updated: 8/2/2026, 1:26:17 AM
7 viewsavoid.net — verified advice for a post-truth world