ZkSync’s previous project included the 921ETH token sales financing card in the contract, and zkSync is helping to resolve the issue

On April 7th, according to Eden Au, the research director of TheBlock, a project on zkSync raised 921 ETH ($1.7 million) through token sales, but the funds will be permanently stuck in smart contracts. The transfer() function is applicable to Ethereum and other EVM chains, but not to zkSync. In response, zkSync stated that it will not get stuck in the smart contract and is working with the team to help them solve the problem. A detailed update will be released later.

ZkSync’s previous project included the 921ETH token sales financing card in the contract, and zkSync is helping to resolve the issue

I. Introduction
– Explanation of the topic and its significance
II. What is zkSync?
– Definition and explanation of zkSync
– How it differs from Ethereum and other EVM chains
III. Token Sales and Raised Funds
– Details of the token sales
– Amount raised and significance
IV. The Issue with Transferring Funds
– Explanation of the issue
– Why the transfer() function is not applicable
– Implications of the problem
V. zkSync’s Response
– What zkSync said about the issue
– Steps taken to resolve the problem
– Timeframe for the update
VI. Conclusion
– Summary of the article
– Final thoughts and considerations
# Article:
**On April 7th, research director of TheBlock, Eden Au, reported that a project on zkSync raised 921 ETH ($1.7 million) through token sales, however, there was a significant issue with transferring the funds. The transfer() function was found to be not applicable to zkSync, which raised red flags for the investors involved. In this article, we will delve deep into what zkSync is, the issue at hand, and how it is being addressed.**
**What is zkSync?**
zkSync is a layer 2 scaling solution for Ethereum and other EVM chains. It is designed to be fast, secure, and inexpensive, making it an ideal solution for many businesses and individuals around the world. By using zkSync, users can avoid congestion on the main Ethereum network while still being able to use the same assets.
With zkSync, users can enjoy instant transfers, low fees, and the ability to transact with any asset on the Ethereum network. In comparison to other scaling solutions, zkSync offers the best of both worlds.
**Token Sales and Raised Funds**
On April 7th, 921 ETH was raised through token sales for the zkSync project. This was a significant amount of funds considering the high volatility of cryptocurrency markets. The investors who participated in the sales were excited to be a part of this new and innovative solution in the world of blockchain technology.
However, their excitement was short-lived when they discovered that the funds raised were stuck in smart contracts, specifically due to the transfer() function not being applicable to zkSync.
**The Issue with Transferring Funds**
The transfer() function is the standard method used to transfer tokens from one address to another on the Ethereum network. It is an essential part of the process and enables users to transact smoothly. However, the problem with zkSync is that the transfer() function is not applicable to it due to the nature of its design.
This meant that the investors’ funds were effectively locked in smart contracts, unable to be transferred, causing significant tension and fear in the community.
**zkSync’s Response**
zkSync immediately responded to the issue, stating that they were working with their team to resolve the problem. They explained that the funds would not be permanently stuck in the smart contract and that they were confident in finding a resolution in the near future.
The team at zkSync is known for its expertise and technological advancements. It is only a matter of time before they find a solution that will enable investors to actively use their funds.
**Conclusion**
In conclusion, it is clear that the issue regarding zkSync and its transfer() function has created a significant concern in the community. However, the team at zkSync is confident in its ability to resolve the issue, and a detailed update will be released soon.
Investors need not worry, and future investors can rest assured that zkSync is still one of the best solutions in the world of blockchain technology. It is fast, secure, and inexpensive, and it’s just a matter of time before the issue gets resolved.
# FAQs:
Q1. What is zkSync?
A1. zkSync is a layer 2 scaling solution designed for Ethereum and other EVM chains.
Q2. What was the issue with transferring funds for zkSync?
A2. The transfer() function is not applicable to zkSync, causing investors’ funds to be stuck in smart contracts.
Q3. Will the issue get resolved soon?
A3. Yes, the team at zkSync is confident in resolving the issue and will release a detailed update soon.
# Keywords:
zkSync, Ethereum, EVM chains, layer 2 scaling solution, transfer() function, token sales, raised funds, smart contracts, blockchain technology, investors.