No Result
View All Result
  • Login
Wednesday, August 26, 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
4 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

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

by theadvisertimes.com
August 8, 2026
0

Ripple (XRP) price is up by 0.46% today, August 8, to trade at $1.04 at the time of writing. XRP...

Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

by theadvisertimes.com
August 8, 2026
0

Bitcoin traded near $65,000 heading into the weekend, sitting at the center of two macro forces pulling in opposite directions.The...

Lummis Warns US Crypto Rules Remain Broken as CLARITY Fight Stalls

Lummis Warns US Crypto Rules Remain Broken as CLARITY Fight Stalls

by theadvisertimes.com
August 7, 2026
0

Key TakeawaysLummis vows to keep pushing the CLARITY Act despite its stalled progress.The CLARITY Act would strengthen crypto safeguards and...

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

by theadvisertimes.com
August 7, 2026
0

Bybit is expanding the role of tokenised equities on its platform by using more xStocks as underlyings for its Dual...

Reform UK Chair Calls for Probe into SBF-Linked Donation: Report

Reform UK Chair Calls for Probe into SBF-Linked Donation: Report

by theadvisertimes.com
August 7, 2026
0

The chairman of the UK’s Reform party has called for an investigation following reports of a $50,000 political donation linked...

CFTC Warns Polymarket, Kalshi Against American-Style Gambling Odds Amid State Scrutiny

CFTC Warns Polymarket, Kalshi Against American-Style Gambling Odds Amid State Scrutiny

by theadvisertimes.com
August 7, 2026
0

The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning to its regulated entities that offer prediction markets over...

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
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 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

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • 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.