Major Crypto Networks Face Coordinated Attacks, Community Suffers Losses

The past weekend delivered a significant blow to the crypto community, as major networks faced a series of coordinated attacks.

Major crypto networks suffered a series of coordinated attacks over the past weekend, with the Discord channels of Layer-1 network Avalanche and Layer-2 blockchain ZKsync being compromised in separate exploits.

The incidents follow a similar attack on Polygon’s [MATIC] Discord channel just 48 hours prior, which saw users being directed to fraudulent links promoting fake “distribution” schemes for Avalanche tokens and promising free AVAX to holders and community members.

Avalanche’s X account announced the breach on 25th August, warning users to avoid interacting with any links, while screenshots shared by Avalanche Discord members showed the attackers posting the fraudulent links.

"The official Avalanche Discord server has been compromised. Please do not interact with any links in the server for now."

Avalanche’s community lead, Ben Well, confirmed the incident about an hour later, stating that the team had identified and resolved the issue and were working on restoring the server to normal operations.

"An update on the Discord server compromise. The team has identified and resolved the issue. We are working on getting the server back up and running as quickly as possible. Thanks for your patience."

The incident had a noticeable impact on Avalanche’s native token, AVAX, which dipped to $26.22 after enjoying a period of positive trading. However, recent data showed that AVAX has since recovered slightly, trading at $27, though it still experienced a modest 0.07% decline in the last 24 hours.

Meanwhile, as the crypto community was still processing the news of Avalanche’s breach, reports emerged that the official Discord server of ZkSync had also been compromised just an hour later.

Hackers posted deceptive links promoting a fake “round 2 airdrop” scheme, falsely promising users free ZK tokens, while several team members acknowledged the breach within the Discord server.

"There is a new Discord server compromise. Please be careful and do not click on any suspicious links. The team is working on resolving this as quickly as possible. We will keep you updated."

However, ZkSync has yet to officially address the exploit on X.

The string of Discord breaches began on 24th August, when a compromised announcement channel in Polygon’s Discord server directed users to a fake “claim” page, which drained unsuspecting users of their Ether.

"CRITICAL ALERT! Please be vigilant and do not interact with any links in the compromised channel till the issue is fully resolved. Any messages asking you to claim / mint / interact with external websites are not from the Polygon team and are designed to phish your funds."

As a victim of the attack, a user named ValidatorK reported a significant loss of $150,000 in Ether after engaging with what seemed to be an official announcement on Polygon’s Discord channel.

"I just lost my life savings (around 150k usd) to a Polygon Discord hack. I am devastated. Be careful out there, everyone."

The breach also affected MATIC, which saw a decline as a result. In fact, as of the latest update, MATIC was still down by over 5% in the past 24 hours, trading at $0.5224.

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