Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Based on Ether Leeum, the RWA protocol ZOTH was the second hacked for $ 880 million a month.
ETHEREUM NEWS

Based on Ether Leeum, the RWA protocol ZOTH was the second hacked for $ 880 million a month.

By Crypto FlexsMarch 24, 20252 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Based on Ether Leeum, the RWA protocol ZOTH was the second hacked for $ 880 million a month.
Share
Facebook Twitter LinkedIn Pinterest Email

ZOTH, a platform based on Ether Leeum, which focuses on tokenized real assets, suffered a second major violence within three weeks on March 21, and the attackers produced $ 88.5 million in digital assets.

The company is checking the violation and working with a security expert to investigate the case.

ZOTH also provides $ 500,000 of the $ 500,000 bounty, leading to the identification of hackers in charge of abuse of $ 880 million.

The hacks that occurred at the beginning of March 21 were included in the attacker compromise the manager key and control the ZOTH proxy contract. The hacker has upgraded the contract to enable the transfer of unauthorized funds.

According to the onChain analysis, $ 880 million in USD0 ++ Stablecoins was drained from the contract and converted to 4,223 ETH and later moved to an external wallet.

ZOTH ensures that there is a step to recognize security violations and alleviate the influence on users. The company promised to announce the entire report when the investigation was completed.

Second hack

This is the second abuse for ZOTH this month. On March 6, the attacker exploited vulnerability in one of the liquidity pools, completing the synthetic assets without sufficient collateral and causing $ 285,000 loss.

Security experts suggest that violations can be prevented by better major management and real -time monitoring. It warns that other contracts in the platform shares the same administrator access, which can lead to risks.

ZOTH did not disclose whether it would be repaid to the affected users, but he said he is doing his best to strengthen security measures to prevent future cases.

This event emphasizes the continuous danger facing the risk of dependent on the dispersed financial platform, especially the centralized manager control. Blockchain security firms have shown that elaborate major compromises have increased due to more than $ 10 billion in defect -related exploit for the past five years.

The company did not mention how the attacker got a private key, but promised to provide an update after the investigation.

XRP turbo
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025
Most Popular

If Bitcoin is strong and encryption ETF overdues persist, Altcoin rally can have legs. But there is a catch: Santiment

May 4, 2025

Analyst Jamie Coutts says AI could be valued at a massive $25 billion through smart contract platforms.

May 14, 2024

SPOT BITCOIN ETF Inflow Stall, but analysts reverse CME BTC basic hint prices

February 20, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.