ZKFair Addresses Security Concerns with Cross-Chain Bridge Upgrade

According to Odaily, ZKFair has issued a statement addressing concerns about its cross-chain bridge, announcing an upgrade from the original ZK bridge to a multi-signature bridge. This change ensures complete security of funds, allowing withdrawals at any time. Previously, the withdrawal process was slow due to limited Prover capabilities, resulting in unsatisfactory user experiences. To enhance efficiency and security, all funds are now managed through a multi-signature setup. Earlier reports indicated that SlowMist founder Yu Jian had monitored suspicious activity involving over $6 million from the ZKFair L1 Bridge being deposited into Aave for staking, raising questions about the project's actions.