Ethereum DeFi Platform Zoth Suffers Hack

Zoth Suffers $8.85 Million Loss in Second Hack This Month

• Ethereum platform Zoth lost $8.85 million due to a private key leak.
• The attack involved upgrading a proxy contract via a suspicious address.
• Stolen funds were converted into 4,223 ETH, valued at $8,300,800.
• This is the second hack this month; Zoth previously lost $285,000 on March 6.
• Security firm Cyvers suggests real-time monitoring could have prevented the attack.

Zoth experienced a significant security breach resulting in the loss of $8.85 million after an attacker accessed a proxy contract’s private key. This marks the second attack on Zoth within a month, following a previous loss of $285,000 due to an exploit in early March.