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EigenLayer Liquidity Restaking Protocols Lose Over $1 Billion in TVL Ahead of Key Update

EigenLayer liquidity restaking protocols lose over $1 billion in TVL ahead of the April 17 slashing update. The upgrade will enforce accountability, boosting the reliability of AVSs depending on Ethereum validators for security. Will EIGEN prices recover after dumping 85% in two weeks? On EigenLayer, you can reuse your staked ETH on the Ethereum mainnet … Read more

Crypto hack leads to $8.4m loss for RWA restaking protocol Zoth

Zoth, an Ethereum-based real-world asset platform, has suffered an $8.85 million exploit after attackers gained unauthorized access to a private key. The breach marks the second major security incident for Zoth in a month, highlighting ongoing vulnerabilities in DeFi protocols. The attacker reportedly compromised the protocol’s deployer wallet, allowing them to upgrade the “USD0PPSubVaultUpgradeable” proxy … Read more

Restaking protocol Zoth exploited, attacker drains $8.4m

Decentralized protocol Zoth was hit by a hack through a compromised contract, and the attacker made off with more than $8 million, quickly turning it into DAI. Zoth, a restaking protocol backed by Borderless and Blockchain Founders Fund, has reportedly suffered a security breach that led to the draining of $8.4 million in assets. According … Read more

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