Zoth, a real-world asset (RWA) re-staking protocol, experienced an exploit resulting in losses exceeding $8.4 million, prompting the platform to enter maintenance mode. The incident was flagged by blockchain security firm Cyvers on March 21, revealing that the deployer wallet of the protocol was compromised, leading to the withdrawal of over $8.4 million in crypto assets. The stolen assets were swiftly converted into the DAI stablecoin and transferred to a different address, as reported by Cyvers. Following the security breach, Zoth's website was put on maintenance mode, with the platform confirming the incident and working towards a resolution. The Zoth team collaborated with partners to mitigate the impact and assured the publication of a detailed report post-investigation. The attackers have since moved the funds and converted the assets into Ether (ETH), according to PeckShield. The hack is believed to have been caused by a leak in admin privileges, as stated by Cyvers Alerts senior SOC lead Hakan Unal, emphasizing the importance of implementing multisig contract upgrades and better key management in preventing such attacks in the decentralized finance (DeFi) ecosystem.