TechFlow reports that Zest Protocol, a decentralized lending protocol in the Stacks ecosystem, has issued a security update following an attack that prompted the freezing of its smart contracts. The attacker manipulated collateral values to withdraw STX far exceeding their entitled amount. The Zest team has frozen the affected contracts, and stSTX funds remain unaffected. A total of 324,000 STX were stolen, with losses to be covered by the Zest treasury. Investigations revealed the attacker had used the XLink cross-chain bridge to convert BTC into STX, where the BTC originated from a withdrawal transaction on Binance. Zest urges anyone with information about the attacker’s identity to contact the team. The contracts are currently undergoing re-audit, and the protocol will relaunch once security is confirmed, with user balances preserved.
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