RWA platform Zoth suffers second hack this month — loses $8.4M
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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 price of USD0++ earlier than swapping it for DAI and again into ether (ETH), the place 4,223 ETH (price $8.29 million) at the moment sits.
Crypto analysts SlowMist additionally urged that Zoth “admin privileges” have been probably 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 making an attempt to resolve the problem and can launch an in depth report afterward. The agency permits RWAs to be transformed into collateralized debt positions and ZeUSD tokens which are backed by the RWA.
Protos has reached out to Zoth for remark however at publication time has acquired no response. We’ll replace ought to we hear again.
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