ZetaChain Halts Cross-Chain Transactions Following GatewayEVM Contract Attack

ZETA0.76%
BTC-0.62%
ETH0.30%

Gate News message, April 28 — Layer 1 network ZetaChain paused cross-chain transactions on its mainnet after identifying an attack on the GatewayEVM contract, a smart contract serving as a unified entry point for cross-chain interactions between external EVM-compatible chains and ZetaChain applications.

The incident impacted only internal ZetaChain team wallets. According to DefiLlama data, $300,000 was lost in the attack, though the team did not disclose the amount and said it will release a detailed post-mortem. The team confirmed that no user funds were affected and has mitigated the attack vector to prevent further compromise.

"As a precaution, cross-chain transactions are currently paused on ZetaChain," the team stated. "Investigation is still ongoing." According to ZetaChain's official status page, cross-chain transactions remained paused as of Monday evening, nine hours after the attack was identified.

ZetaChain is an interoperability-focused Layer 1 network designed as the "first universal blockchain" integrating Bitcoin, Ethereum, and Polygon. The incident follows the recent Kelp DAO exploit, which drained $292 million and prompted an industry-wide coalition called "DeFi United" to rescue decentralized liquidity protocols.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments