ZEROBASE completes security incident response, fully compensates affected users, and initiates legal proceedings to hold hackers accountable

ZEROBASE officially announces the completion of user disposition work related to the supply chain tampering phishing incident on December 12. According to the latest statement from CEO Mirror Tang, all verified user assets affected by the hacking attack have been properly handled through full assistance or debt acquisition methods. Meanwhile, the project has initiated legal proceedings against the hackers and their associated accounts, and is cooperating with relevant authorities to advance asset freezing efforts. This marks an important progress for ZEROBASE following the security incident.

Three-tiered Action Plan for Incident Handling

User Asset Compensation Plan

ZEROBASE has implemented two compensation methods to address affected users’ losses. Full assistance is provided directly to some users, while debt acquisition offers others a pathway to asset conversion. This differentiated approach indicates that the project team has developed a relatively flexible compensation strategy after fully assessing the impact of the incident.

Legal and Law Enforcement Actions

In addition to user compensation, ZEROBASE has initiated legal proceedings against the hackers and their related accounts. It is also working with relevant agencies to push forward asset freezing and subsequent disposal. This means the project is not only passively compensating users but also actively taking measures to recover lost assets and hold hackers accountable.

Completion of Disposition Work

The phrase “has been completed” is crucial—it indicates that the project has finished handling all verified affected users, rather than still being in progress. This provides users with a relatively clear status of progress.

Market Context and Project Overview

ZEROBASE is a DePIN project focused on zero-knowledge proofs (ZK) and privacy computing, backed by Binance resources. Its native token ZBT has a total supply of 1 billion tokens, used for network access, governance, and node rewards. According to the latest market data, ZBT’s recent price has fluctuated between $0.15 and $0.20, with a market cap of approximately $44 million.

The project’s technical approach combines ZK and TEE solutions, primarily addressing the “verifiable but not exposed” problem. Node structures are divided into two types: HUB Nodes responsible for infrastructure, and Proving Nodes requiring staking of millions of dollars in stablecoins to enhance security. Application directions include zkStaking, zkLogin, zkVote, zkDarkPool, and other privacy-related features.

Impact on Market and Ecosystem

From market performance, ZBT has experienced significant price volatility recently. According to related news, ZBT saw a short-term increase of over 58% around December 29, rising to $0.168 in the past 5 hours, with over $1.2 million in liquidation volume across the network, mostly from short positions. This volatility reflects market sensitivity to project developments.

From an investor perspective, ZEROBASE’s crisis response appears relatively transparent and responsible. The project’s proactive measures—completing user compensation, initiating legal accountability, and cooperating with law enforcement—help restore user confidence. However, it’s important to note that restoring confidence in the crypto market often takes time, and short-term price fluctuations may continue.

Future Focus Areas

Going forward, key areas to monitor include: the progress of legal proceedings and actual results of asset freezing, the implementation and user feedback on the compensation plan, improvements in security audits and risk management measures, and the long-term price performance and market acceptance of ZBT. These factors will influence ZEROBASE’s recovery trajectory.

Summary

ZEROBASE’s incident response announcement demonstrates that the project has taken a relatively proactive and responsible stance in dealing with the security breach. The three-tiered approach—full compensation, legal action, and law enforcement cooperation—showcases the project’s capacity to respond effectively. For users, this is a relatively positive signal. However, in the longer term, the true test lies in ongoing security reinforcement, ecosystem development, and gradual market confidence recovery. While short-term market fluctuations may persist, the completion of this handling process lays a foundation for rebuilding trust in the project.