The ZetaChain Layer 1 network has temporarily halted cross-chain transactions on its mainnet after the team detected an attack targeting the GatewayEVM contract.
GatewayEVM is a smart contract that Vai as a unified "gateway" for cross-chain interactions between EVM-compatible external chains and applications running on ZetaChain.
According to the team, the incident only affected ZetaChain's internal wallets and was not related to individual users. They stated that they blocked the attack to prevent further losses. defillama data estimates the damage at approximately $300,000, although ZetaChain has not yet released a specific figure and said a detailed post-audit report will be provided.
“To mitigate risk, cross-chain transactions are currently suspended on ZetaChain,” the team stated. “We are still investigating, and at this time no user assets have been affected.”
According to the official status page , cross-chain transactions remain suspended, approximately nine hours after ZetaChain detected the attack.
ZetaChain is a Layer 1 network focused on interoperability, built with the ambition of becoming a “universal blockchain” connecting various networks such as Bitcoin, Ethereum , and Polygon. The project's mainnet officially launched in early 2024.
This incident follows a wave of attacks targeting DeFi projects after the Kelp DAO (a cross-chain bridge using LayerZero) was robbed of $292 million. According to defillama, since the Kelp DAO incident, there have been at least 10 other attacks targeting DeFi projects.
The article ZetaChain temporarily suspends cross-chain transactions after smart contract attack first appeared on CoinMoi .
