zkSync reportedly discovered a way to unlock the 921 ETH ($1.7 million) sealed in Gemholic’s Ethereum Layer 2 smart contract.
The development team at zkSync claimed to have found a way to release the 921 ETH ($1.7 million) trapped in a smart contract used by the Gemholic team on the Era network. Matter Labs’ zkSync is a ZK-Rollup Layer 2 scaling solution that can support Ethereum smart contracts.
zkSync claimed in a statement that “funds are safe” and that “an elegant method to unlock the frozen contract” has been discovered.
On Thursday, The Block’s director of research, Eden Au, was the first to report that the project had raised 921 ETH ($1.7 million) via a token sale on zkSync’s Era mainnet, but that the funds had become locked in the smart contract.
To mitigate these gas issues, zkSync inserts a warning about the .transfer() function directly into the compiler, which the Gemholic team likely disregarded. The zkSync team added that Gemholic deployed contracts to the Era mainnet without verifying them on the testnet or a local node.
zkSync has been working to remedy the issue with a minor protocol-level modification in order to recover the funds in full, and it intends to provide additional information in the near future.
“We have identified an effective solution capable of resolving a broader range of gas-related issues. It will require minimal adjustments to the protocol’s gas metering but will allow for the complete recovery of the funds, according to the zkSync team.
Gemholic responded to zkSync’s efforts by publicly thanking the initiative and apologizing for their actions.
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