The RWA platform (realistic assets) that was built on Ethereum suffered a harmful attack, which led to a loss of $ 8.85 million. Zoth, a self -described “RWAFI” platform, was hacked once this month.
Security experts believe that this recent penetration had occurred as a result of a wallet prone to risk after Zouth had already lost an amount of six numbers earlier in March.
It is done
30 minutes ago, the Usd0PSubvaultugged agent contract was upgraded to a contract created by a suspicious address.
the… pic.twitter.com/3OHMVJYPR5–
Cyvers, the security alert account in the actual time, was the first to discover the penetration
Earlier in the day (March 21, 2025), an agent on the Zoth platform was promoted by the Cyvert Company called “suspicious title”.
After less than thirty minutes, 8.85 million dollars from StableCoin Stablecoin USD0 Usd0 ++ (the amazing version of the USD0 code) of the agent’s contract and to the infiltrators wallet.
From there, all USD0+ ++ was switched quickly in Dai Stablecoin before moving it to another address. Another safety platform on Web3, Peckshield indicated that the attacker has since switched for Dai for 4,223 ETH, worth $ 8300,800 at current prices.
Cyvers ended its alert by noting that the Zoth had decreased and in maintenance mode, most likely in response to rating.
#PECKSHIELDALERT Zothdotio Hacker replaced the stolen money for 4,223 $ ETH pic.twitter.com/olyk1tqjg
– PECKSHIELDALERT (PECKSHIELDALERT) March 21, 2025
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“You will follow the additional updates soon,” Zoth says.
Zoth’s account on X briefly addressed the accident with a statement.
The statement said: “Our system has witnessed a security breach. We are actively investigating the accident and taking all the steps necessary to resolve it as quickly as possible.”
The company also said it is working with its partners to alleviate the effect and solve the entire problem. “A detailed report will be shared with a clear view once the investigation is completed.”
Meanwhile, Zouth has not yet commented on how the private key’s key fell into the hands of the attacker. But she assured her community that a full update will be issued once a full investigation will be completed.
The work was not good for Zoth in March, as it was the second penetration that struck the RWA/Defi project within one month. On March 6, Zoth lost $ 285,000 after the attackers used the Uiswap V3 liquidity group.
(Zoth.io)
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Another day, another encryption platform appeared: The RWA Zoth platform was drained with $ 8.85 million on 99bitcoins.