We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: RWA platform Zoth suffers second hack this month — loses $8.4M
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > RWA platform Zoth suffers second hack this month — loses $8.4M
Crypto & Web 3

RWA platform Zoth suffers second hack this month — loses $8.4M

By Editorial Board Published March 21, 2025 1 Min Read
Share
RWA platform Zoth suffers second hack this month — loses .4M

Zoth, a real-world asset (RWA) restaking layer, has been hacked for $8.4 million of staked USD0++ after somebody tampered with its proxy contract. 

The hacker then withdrew $8.45 million value of USD0++ earlier than swapping it for DAI and again into ether (ETH), the place 4,223 ETH (value $8.29 million) presently sits.

Crypto analysts SlowMist additionally advised that Zoth “admin privileges” have been presumably leaked, resulting in somebody hacking Zoth by maliciously tampering with the logic contract.

Zoth was hacked earlier this month for $285,000 after attackers exploited a Uniswap V3 liquidity pool.

Zoth claims it’s investigating the incident whereas trying to resolve the difficulty and can launch an in depth report afterward. The agency permits RWAs to be transformed into collateralized debt positions and ZeUSD tokens which might be backed by the RWA.

When contacted for remark, Zoth instructed Protos:

“Our group is actively investigating the state of affairs alongside our safety companions. Whereas we perceive the priority, we wish to guarantee you that we’re taking each needed measure to mitigate the affect and resolve the difficulty.

“We believe in transparency and will be sharing an official statement once we have concrete findings.”

TAGGED:8.4MhacklosesmonthplatformRWAsuffersZoth
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Former Labour chief Lord Kinnock requires wealth tax to assist ailing authorities funds

Former Labour chief Lord Kinnock requires wealth tax to assist ailing authorities funds

Business
July 7, 2025
Garfield, Roosevelt put together to open new soccer stadiums this fall

Garfield, Roosevelt put together to open new soccer stadiums this fall

As if the Garfield vs. Roosevelt sports activities rivalry wanted any extra incentive to excite…

July 7, 2025
The right way to save on cookout prices this Fourth of July

The right way to save on cookout prices this Fourth of July

LANSING, Mich. (WLNS) -- The American Farm Bureau Federation carried out their annual survey about…

July 7, 2025
European heatwave leaves Spain, Portugal, Italy and Greece in sweltering 40C warmth

European heatwave leaves Spain, Portugal, Italy and Greece in sweltering 40C warmth

Main heatwaves throughout southern Europe have left Spain, Portugal, Italy, and Greece in sweltering situations…

July 7, 2025
Trump-affiliated USD1 has alt=

Trump-affiliated USD1 has $0 in extra reserves

USD1, the stablecoin from Trump-affiliated World Liberty Monetary, has issued its first reserve report, and…

July 7, 2025

YOU MAY ALSO LIKE

What to Do with Your Life in July: 31 Concepts for Each Day of the Month

July marks a smooth turning level. The sunshine lingers a bit of longer, and time appears to stretch with chance.…

Lifestyle
July 7, 2025

FHFA head desires Jerome Powell investigated and eliminated

The director of the US Federal Housing Finance Company (FHFA), William J. Pulte, has requested Congress to research Federal Reserve…

Crypto & Web 3
July 7, 2025

OpenAI to Robinhood: That’s not our inventory, bro

OpenAI to Robinhood: That’s not our inventory, bro AI large OpenAI has taken to X to remind an excited crypto…

Crypto & Web 3
July 7, 2025

Polymarket’s $58M Zelenskyy go well with wager might be determined at present

Polymarket’s controversial Volodymyr Zelenskyy go well with market is now up for its ultimate evaluate after UMA token holders constantly…

Crypto & Web 3
July 7, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?