Zoth, an Ethereum-based platform for tokenized real-world assets, experienced its second major security breach in less than three weeks on March 21, resulting in $8.85 million in digital assets being drained. The company is working with security experts to investigate and offering a $500,000 bounty for information on the hacker. The attack involved the compromise of an admin key and unauthorized fund transfers. Zoth has pledged to release a full report and enhance security measures. This incident highlights the risks faced by decentralized finance platforms and the importance of better key management and monitoring.
Leave a Reply