ZetaChain Hacked but User Funds Reportedly Safe as Cross-Chain Transactions Paused

[cryptohog]

Layer-1 network ZetaChain confirmed it was hacked on Monday, making it the second cross-chain exploit in April following the earlier KelpDAO hack that drained approximately $293 million. The project stated the attack only affected its own internal team wallets and did not reach user funds, though it paused cross-chain transactions as a precaution while the team investigated the incident. ZetaChain's status page marked the incident as identified and ongoing for around six hours before the team confirmed it had identified the attack vector and was preparing a patch. A full post-mortem is expected after the investigation concludes.The ZETA token traded lower during the incident, sitting near $0.054 according to CoinGecko data, down approximately 4.8% over 24 hours with a trading range between roughly $0.053 and $0.059.

Community reaction was divided between users praising the team for its transparent public disclosure and others raising broader concerns about the security of cross-chain infrastructure after two significant exploits hitting interoperability protocols within the same month. The team's rapid identification of the attack vector and willingness to pause network activity proactively were noted as positives, though the incident adds to a growing list of cross-chain security events that have kept the DeFi community on edge throughout April 2026.

[bonk]

April 2026 cross-chain security scorecard: KelpDAO $293M, Scallop 150K SUI, Volo $3.5M, ZetaChain team wallets. the month is not over.