zkSync Token Launch Faces Network Strain and Security Threats

YEREVAN (CoinChapter.com) — zkSync token (ZK) officially launched on multiple exchanges on June 17. However, the token launch ran into multiple issues, ranging from high network load and degraded performance

zkSync Token Launch Issues Detailed

Just before the launch, zkSync announced on X that its network was experiencing high load and degraded performance in some remote procedure call (RPC) services. RPCs are essential for communication between nodes and for performing network operations, such as sending transactions or querying data.

The zkSync team worked on increasing RPC capacities, assuring users to “stay tuned for updates” as they resolved the performance issues. Despite the strain, the launch proceeded with some users experiencing delays and disruptions.

Increase in Fake Apps After zkSync Airdrop News

Following the announcement that over 695,000 wallets were eligible for the recent ZK token airdrop, there was a notable increase in malicious decentralized applications (DApps) impersonating zkSync. Ido Ben-Natan, CEO of Web3 security platform Blockaid, explained that these malicious DApps were “using drainer SDKs to mitigate detection and reach users.”

Scammers used X’s comment sections to target users, abusing X’s verified accounts to distribute links to malicious DApps.

The token distribution program, running from June 17 to July 16, aims to distribute 10.5 million ZK tokens to eligible users. However, the community raised concerns about the methodology used to filter Sybil farms. Sybil farming involves creating multiple fake identities to gain more tokens unfairly.

The zkSync team acknowledged these concerns, committing to address them and ensuring a fair and transparent distribution process.