Zipcoin Shuts Down After Security Breach as Critics Question Project’s Credibility and Missing Funds
Photo: DeFi Planet
Zipcoin has announced plans to shut down after a security breach exposed its code, secrets and private keys. The project said an earlier incident involving UNCX on October 15 also affected several Ethereum tokens, including ZC, its own token. The team claimed a hacker drained 1.1% of the supply across the affected tokens before selling them on the market. In its closure statement, Zipcoin said it had tried to recover the losses by buying tokens on the open market.
Source: DeFi Planet
