No Result
View All Result
  • Login
Monday, July 13, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Cryptocurrency

Zetachain Pauses Mainnet After GatewayZEVM Contract Exploit Targets Protocol Wallets

by theadvisertimes.com
3 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Zetachain Pauses Mainnet After GatewayZEVM Contract Exploit Targets Protocol Wallets
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways:

Zetachain paused cross-chain transactions on Tuesday after an exploit targeting the GatewayZEVM contract’s call function hit internal team wallets. Slowmist identified the root cause as a missing access control and input validation in the call function, allowing any user to trigger malicious cross-chain calls without authorization. The incident marks the second major cross-chain exploit in April 2026, following the KelpDAO hack that triggered the worst DeFi liquidity crunch since 2024.

Slowmist’s Preliminary Analysis

The team pinpointed the GatewayZEVM contract’s call function as being the entry point. The function contained no access control and no input validation, a combination that allowed any external address, without authorization, to trigger malicious cross-chain calls and route them toward arbitrary targets. Wu Blockchain independently confirmed the root cause shortly after.

Image source: X

Zetachain said the exploit affected its own internal team wallets (estimated to be worth $300k), adding that user funds were not directly impacted. The protocol paused cross-chain transactions while its security team assessed the full scope of the breach. A post-mortem is expected once the investigation concludes.

Moreover, the incident arrives at a difficult moment for cross-chain infrastructure as earlier this month, the KelpDAO exploit triggered a cascade of liquidity withdrawals across decentralized finance ( DeFi) protocols, resulting in the worst crunch in DeFi since 2024. The Arbitrum Security Council, however, took emergency action to freeze 30,766 ETH linked to the KelpDAO exploiter.

Access Control Was the Root Issue

Slowmist’s findings have once again highlighted a recurring pattern in smart contract exploits where missing or insufficient access controls are applied on functions that handle sensitive operations. In Zetachain’s case, the call function in GatewayZEVM was deployable by any external address with no permission check, leaving the door open for arbitrary inputs to be processed as legitimate cross-chain instructions.

The absence of an input-validation breakstop compounded the risk because, without checks on what data the function receives, attackers can craft a malicious payload and direct it to unintended destinations across chains (bypassing any assumed trust boundaries within the contract logic).

Security researchers have consistently flagged insufficient access controls as one of the most common and preventable vulnerabilities in production smart contracts. Whether Zetachain’s GatewayZEVM contract had undergone a formal third-party security audit prior to deployment has not been confirmed.



Source link

Tags: contractexploitGatewayZEVMmainnetpausesprotocoltargetswalletsZetaChain
ShareTweetShare
Previous Post

Key Factors to Consider Before Buying Health Insurance for Parents

Next Post

Stock picking key as auto, banks face near-term headwinds: Sandip Sabharwal

Related Posts

Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

by theadvisertimes.com
July 13, 2026
0

Bolivia is evaluating integrating Tether's USDt into its national payments system, a move that could mark one of Latin America's...

Zcash & Monero Retreat As Privacy Coins Face Setbacks in China

Zcash & Monero Retreat As Privacy Coins Face Setbacks in China

by theadvisertimes.com
July 13, 2026
0

The privacy coins are once again making headlines amid renewed pressures from Chinese legal researchers. The impact is also visible...

Bitcoin falls below ,000 as markets give Hormuz traffic just 3% chance to normalize by August

Bitcoin falls below $63,000 as markets give Hormuz traffic just 3% chance to normalize by August

by theadvisertimes.com
July 13, 2026
0

Bitcoin slipped below $63,000 as renewed fighting between the United States and Iran pushed oil prices higher, drove bond yields...

Webull EU Secures MiCA Authorisation as EU Targets Post-Regulation Gaps

Webull EU Secures MiCA Authorisation as EU Targets Post-Regulation Gaps

by theadvisertimes.com
July 13, 2026
0

Webull EU has secured approval under the Markets in Crypto-Assets (MiCA) regulation, granted by the Dutch regulator. This authorisation represents...

Ripple Almost Shut Down and Distributed XRP After SEC Lawsuit, CEO Reveals

Ripple Almost Shut Down and Distributed XRP After SEC Lawsuit, CEO Reveals

by theadvisertimes.com
July 12, 2026
0

Key TakeawaysRipple came close to shutting down after the SEC filed a lawsuit over XRP.The company considered distributing its XRP...

Saylor’s Strategy Messaging Not Helping Push Bitcoin Story Says StanChart

Saylor’s Strategy Messaging Not Helping Push Bitcoin Story Says StanChart

by theadvisertimes.com
July 12, 2026
0

Strategy founder and chairman Michael Saylor again took to social media on Sunday to offer his latest signal to investors...

Next Post
Stock picking key as auto, banks face near-term headwinds: Sandip Sabharwal

Stock picking key as auto, banks face near-term headwinds: Sandip Sabharwal

Tata Steel shares jump 2% to fresh record high: What’s driving the gains?

Tata Steel shares jump 2% to fresh record high: What's driving the gains?

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
Prime Day, June 2026: How Retailers Competed With Amazon

Prime Day, June 2026: How Retailers Competed With Amazon

June 29, 2026
US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

0
Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

0
How Outdated EBT Cards Are Fueling a Surge in SNAP Benefit Theft

How Outdated EBT Cards Are Fueling a Surge in SNAP Benefit Theft

0
Will the Trump Admin Buy Into OpenAI & Save Softbank?

Will the Trump Admin Buy Into OpenAI & Save Softbank?

0
Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible

Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible

0
Exclusive: Delaware Secretary of State partners with Norm Ai to propose the AIC, a legal entity for agents

Exclusive: Delaware Secretary of State partners with Norm Ai to propose the AIC, a legal entity for agents

0
How Outdated EBT Cards Are Fueling a Surge in SNAP Benefit Theft

How Outdated EBT Cards Are Fueling a Surge in SNAP Benefit Theft

July 13, 2026
US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop

July 13, 2026
Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible

Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible

July 13, 2026
Exclusive: Delaware Secretary of State partners with Norm Ai to propose the AIC, a legal entity for agents

Exclusive: Delaware Secretary of State partners with Norm Ai to propose the AIC, a legal entity for agents

July 13, 2026
Will the Trump Admin Buy Into OpenAI & Save Softbank?

Will the Trump Admin Buy Into OpenAI & Save Softbank?

July 13, 2026
Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

Bolivia Considers Recognizing USDT for Payments Amid Dollar Shortage

July 13, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • How Outdated EBT Cards Are Fueling a Surge in SNAP Benefit Theft
  • US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop
  • Waller says Fed shouldn’t ‘fight the last war’ on inflation but warns hikes still possible
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.