On September 16, 2023, the ZKasino team released a security update. The security update claimed a potential weak point was identified by a white-hat hacker named 'bart1e' in their smart contracts. In response to questions and concerns from the community, this article will analyze this issue and identify the root cause.
The Web3 sector reached an unfortunate milestone recently, though it's not exactly unfamiliar territory. As of September 4, 2023, the industry crossed the $1 billion mark in terms of value lost to exit scams, exploits, and hacks.