Zoth Hit by $8M Crypto Hack, DAI Used to Evade Tracking

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Hackers and bad actors have continued to trouble crypto-based companies as well as ones using digital assets; most recently, in an incident, Cyvers Alerts has reported that malicious actors have breached Zoth, a restaking platform, for around $8 million.

In the X post of blockchain analysis firm, it has been noted that hackers have compromised the wallet of Zoth deployer, further wiping millions in crypto assets.

Source: Zoth(dot)io

It quotes, “ The proxy contract ‘USD0PPSubVaultUpgradeable’ was upgraded to a contract created by a suspicious address 30 min before the hack and the attacker withdrew $8.4M USD0++ shortly after.”

Hackers swapped stolen funds in DAI in a hurry

It is worth noting that the stolen funds from breaching Zoth were swapped in DAI stablecoin to avoid getting tracked by anyone, and the changes in crypto were sent to a new address.

Zoth said in an X post dated March 21, 2025, “ Our system has experienced a security breach. We’re actively investigating the incident and taking all necessary steps to resolve it as swiftly as possible.” 

Following the attack the website of Zoth has been taken down to identify the loops, and the service will be resumed post inspection and fixing the flaws.

According to the data from, Zoth(dot)io, the total locked value is $36.4 million, and assets originated are $250 million and over 1.7 million unique wallets.

Data available on Crunchbase states that Zoth 1st raised funding on December 20, 2022, followed by March 2023, May 2023, February 2024, and April 2024, and its most recent funding round was in August 2024.

Its lead Investors include SOSV, Blockchain Founders Fund, Symbiote, and Outlier Ventures; all the rounds since the beginning till date are collectively valued at $4 million.

Why is the market falling freely? 

In the past few weeks, the wider market has fallen into red territory, and at the time of writing, the market cap was $2.75 trillion with a loss of 1.38% and the same time fear and greed index was at 27, reflecting the correction with a bearish dominance. 

Bitcoin has lost over 12% of its price in the monthly frame with it currently trading at $84,091, and the volatility has also dragged the price of Ether in the downward direction.

The intraday losers list has been ruled by PI Coin, EOS, SUI, Four, and Jasmy Coin on the other hand, the gainers are Pancakeswap, XDC Network, Berachain, Kava, Story, Tron, and Aave.

Reported by a known media agency that the geopolitical tension and debates over tariff war between nations have sparked the growing tumbling in the prices of renowned cryptocurrencies.





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