Zoth has engaged Crystal Blockchain BV for the investigation of a theft involving 73% of its Total Value Locked and offers $500,000 for recovery information.
Theft and Collaboration with Crystal Blockchain BV
On March 22, 2025, Zoth reported a theft in which approximately 73% of its Total Value Locked was stolen. The company has hired Crystal Blockchain BV to assist in the investigation and strengthen security measures.
Reward of $500,000 for Recovery Information
Zoth's platform experienced a security breach leading to the theft of digital assets. In response, the company has announced a reward of $500,000 for information that aids in recovering the stolen funds.
Impact on the Ethereum Market Post-Theft
The theft has impacted the Ethereum market, which remains significant in this context. As of late March 2025, ETH is trading at $2,017.53 with a market cap of $243.39 billion. Despite a 1.40% increase over 24 hours, there has been a 28.93% monthly drop, highlighting market instability.
Recent blockchain theft incidents call for enhanced security measures to protect assets and maintain investor trust.
