Hacker Pulls Off $8.4M Theft from Zoth Protocol After Admin Access…

Zoth protocol, a restaking protocol, experienced a $8.4 million exploit due to a compromised deployer wallet. The hacker quickly converted the stolen funds to DAI and then Ether, avoiding centralized exchanges. The breach was caused by an admin privilege leak, highlighting the risks associated with admin key compromises in decentralized finance platforms.