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ZKsync said $5 million worth of tokens stolen during an admin wallet hack last week have been returned and the case is now considered resolved.The layer-2 blockchain protocol saw a hacker compromise its admin wallet, leading to the theft of unclaimed tokens from the ZKsync airdrop.In a post on X, the project said the hacker cooperated with the team and returned the funds within the “safe harbor” deadline — a grace period commonly offered in security incidents to incentivize returns without legal consequence. The cooperation means the hacker took a 10% bounty.The tokens are now in custody of the ZKsync Security Council and a governance process will determine what to do with them. A final investigation report is being prepared...

Dubai’s crypto regulator has issued an alert, warning of firms falsely claiming to be part of the city’s high-profile real estate tokenization pilot, saying that such misrepresentation may violate the emirate’s virtual asset laws.The Virtual Assets Regulatory Authority (VARA), in coordination with the Dubai Land Department (DLD), said on Tuesday that several entities have improperly suggested they are participating in the DLD’s blockchain-based property title deed initiative, which launched as a limited pilot on March 19.“No entities beyond those explicitly approved by DLD and VARA are authorised to participate,” the regulator said. “Any entity promoting their involvement in the project without formal confirmation… is misrepresenting their status.”VARA did not name any firms in the release.The tokenization initiative could account for...

Metaplanet (3350) has reached a major milestone in its bitcoin (BTC) strategy, the Japanese hotel company now holds 5,000 BTC as part of its treasury operations.Its BTC stash is valued at approximately $428.1 million at an average acquisition cost of around $85,621 per coin. The Tokyo-listed firm continues to double down on bitcoin as a reserve asset, with its latest purchase of 145 BTC made at an average price of approximately $93,327 per coin, totaling roughly $13.6 million.The accumulation strategy has achieved a year-to-date (YTD) BTC Yield of 121.1% in 2025. This yield metric reflects the company’s effective increase in bitcoin per share held.Notably, BTC Yield is a proprietary KPI Metaplanet uses to track treasury performance. It isolates gains driven...

DeFi Development Corp (JNVR), formerly known as Janover, added another $9.9 million in Solana's SOL to its corporate treasury, pushing total crypto holdings to 317,273 SOL or about $48 million, the company said on Wednesday.The purchase, made through BitGo’s over-the-counter desk, includes a tranche of locked SOL. These are tokens typically tied to vesting or bankruptcy proceedings that can’t yet move on-chain but are cheaper than spot prices."By gaining access to locked discounted inventory through a trusted partner like BitGo, we’re able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem," CEO Joseph Onorati said in a statement.Janover, which was renamed to DeFi Development earlier this week, began as a real estate...

Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team.In this issue:Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-VMatter Labs, ZKsync Developer, Sued for Alleged Intellectual Property TheftScroll’s Euclid Upgrade Pushes It Into ‘Stage 1’ Decentralization EraEigenLayer Adds Key ‘Slashing’ Feature, Completing Original VisionUnknown block type "divider", specify a component for it in the `components.types` optionThis article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.Unknown block type "divider", specify a component for it in the `components.types` optionNetwork NewsSWAPPING...