Devastating $8.85M Crypto Hack: Zoth Plunges into DeFi Security Crisis After Private Key Leak

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BitcoinWorld 12h ago

Devastating $8.85M Crypto Hack: Zoth Plunges into DeFi Security Crisis After Private Key Leak - BitcoinWorld

Quick Summary:

In a chilling reminder of the ever-present dangers lurking in the decentralized finance (DeFi) space, yield infrastructure company Zoth has become the latest victim of a significant security breach.

Blockchain security firm PeckShield alerted the crypto community via X (formerly Twitter) about a staggering crypto hack that resulted in an $8.85 million loss for Zoth.

The history of cryptocurrency is littered with examples of devastating losses due to private key leaks and other security failures.