Another Day Another Crypto Hack: RWA Platform ZOTH Is Drained Of $8.85 Million

An RWA (real-world asset) platform constructed on Ethereum has suffered a malicious assault leading to a lack of $8.85 million. Zoth, which is a self-described ‘RWAFi’ platform, had already been hacked as soon as this month.

Safety consultants consider this newest hack occurred as the results of a compromised deployer pockets after Zoth had already misplaced a six-figure sum earlier in March.

ALERTOur system has detected a suspicious transaction involving @zothdotio. It seems that the protocol’s deployer pockets has been compromised.

half-hour in the past, the proxy contract “USD0PPSubVaultUpgradeable” was upgraded to a contract created by a suspicious tackle.
The… pic.twitter.com/3OHmvJYpR5

— Cyvers Alerts (@CyversAlerts) March 21, 2025

Cyvers, A Actual-Time Safety Alert Account, Was The First To Spot The Hack

Earlier right now (21 March 2025), a proxy contract on the Zoth platform was upgraded by what safety agency Cyvers referred to as a “suspicious address.”

Lower than thirty minutes later, $8.85 million price of the USD0++ stablecoin (the staked model of the USD0 token) was transferred out of the proxy contract and into the hackers pockets.

From there, all the USD0++ was shortly swapped into the DAI stablecoin earlier than being moved to a different tackle. Another web3 safety platform, PeckShield famous that the attacker has since swapped the DAI for 4,223 ETH, price $8,300,800 at present costs.

Cyvers completed its alert by noting that the Zoth web site was down and in upkeep mode, possible in response to the breach.

#PeckShieldAlert @zothdotio hacker has swapped the stolen funds for 4,223 $ETH pic.twitter.com/OAlYk1TqJg

— PeckShieldAlert (@PeckShieldAlert) March 21, 2025

DISCOVER: 20+ Subsequent Crypto to Explode in 2025

Zoth Makes Assertion On The Hack, Says “Further updates will follow soon”

The Zoth account on X has briefly addressed the incident with an announcement.

“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,” the assertion stated.

The corporate additionally stated that it’s working with its companions to mitigate the affect and absolutely resolve the problem. “A detailed report with a clear view will be shared once the investigation is complete.”

In the meantime, Zoth hasn’t but commented on how the contract’s personal key fell into the arms of the attacker. But it surely assured its neighborhood {that a} full replace shall be launched as soon as it a full investigation has been completed.

Enterprise has not been good for Zoth in March as it’s the second hack to hit the RWA/DeFi undertaking within the house of a month. On March 6, Zoth misplaced $285,000 after attackers exploited a Uniswap V3 liquidity pool.