Hacker steals $8.4M from RWA restaking protocol Zoth
Zoth suffered an $8.4 million exploit after admin privileges were compromised. The team promised to publish a full incident report post-investigation.
Real-world asset (RWA) re-staking protocol Zoth suffered an exploit leading to over $8.4 million in losses, leading the platform to put its site on maintenance mode.
On March 21, blockchain security firm Cyvers flagged a suspicious Zoth transaction. The security firm said that the protocol’s deployer wallet was compromised and that the attacker withdrew over $8.4 million in crypto assets.
The blockchain security firm said that within minutes, the stolen assets were converted into the DAI stablecoin and were transferred to a different address.
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Author: Ezra Reguerra
