TechFlow, April 10 — The ZKFair Community X account posted a response addressing community concerns: "ZKFair funds are completely secure. The cross-chain bridge has been upgraded to a multi-signature model. The ZKFair cross-chain bridge has been upgraded from the original ZK bridge to a multi-sig bridge.
Previously, due to limited Prover capacity, withdrawal speeds were slow, leading to poor user experience. To improve efficiency and security, funds are now managed via a multi-signature mechanism. All funds remain secure and can be withdrawn at any time through the ZKFair cross-chain bridge."
Previous report: SlowMist's Yu Xian stated that suspicious activities might have occurred within the ZKFair team, with $6 million from the ZKFair L1 Bridge transferred to the admin multi-sig address.
