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April 24, 2025

ZKsync Price Declines Despite Safe Return of Stolen Funds

Despite 90% of the stolen funds being returned following the ZKsync hacking incident, the price of ZKsync continues to falter. The exploiter of the hack accepted a bounty, agreeing to return a notable amount of the stolen assets. This turn of events comes over a week after the initial hack, which left many investors wary. The return of funds should typically boost investor confidence. However, the market response suggests that broader concerns linger. Traders are left speculating about the underlying factors impacting ZKsync’s current price. How will this situation evolve in the coming days?

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