Aethir
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 36 → 60. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −3.2, problems around the subject, caused by others −2.4; legitimacy credit long-running +10; 1 section(s) set aside until a failed fact-check is resolved; fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -2.4 |
| Long-running | +10 |
| Sum | 60 |
- 1 section set aside: the claims did not hold up in a fact-check, pending correction.
Score: 60/100 (kept between 0 and 100)
How scoring works →Summary
Aethir is a Singapore-based decentralized GPU cloud computing protocol operating as a Decentralized Physical Infrastructure Network (DePIN), founded in 2021 by Mark Rydon and Daniel Wang. The project raised approximately $109M across funding rounds and a $100M+ checker node sale, launched its ATH token in June 2024, and claims $147M+ ARR from enterprise AI and gaming clients. Risk factors include a 95% token price decline from its all-time high, a redirected Season 3 community airdrop, a cross-chain bridge exploit in April 2026 resulting in up to $400K in losses, heavy insider token allocation, and a ZachXBT flag whose specific basis has not been publicly detailed.
Connected Entities
8 entities · 60 linked investigations- Render Network→mentioned with→Ethereum(60%)
- wallet drainers→mentioned with→Ethereum(70%)
- Aethir→mentioned with→Ethereum(65%)
- Aethir→mentioned with→Binance(60%)
- Aethir→mentioned with→ZachXBT(70%)
- Aethir→mentioned with→Seedify(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- Arthur Hayes (Maelstrom)→mentioned with→ZachXBT(70%)
- Arthur Hayes (Maelstrom)→mentioned with→Aethir(60%)
- + 7 more
Timeline(11 events)
2021
Aethir founded in Singapore by Mark Rydon and Daniel Wang
2022
Seed round completed, led by Framework Ventures and Infinity Ventures Crypto
July 2023
Pre-A funding round closed at $150M valuation, led by Sanctor Capital and HashKey with participation from Maelstrom (Arthur Hayes), Animoca Brands, and others
26 February 2024
Aethir announces its first decentralized AI node (Checker Node) sale via CoinDesk press release
18 March 2024
Checker Node whitelist sale begins; public sale opens March 20, raising over $100M in ETH within hours across 11,000+ wallet addresses
12 June 2024
ATH token launches on 16+ exchanges; reaches all-time high of approximately $0.1185 on launch day
12 June 2024
Aethir mainnet launches with ATH claim and staking functionality
7 April 2025
ATH token hits all-time low of approximately $0.004878, down over 95% from its launch-day peak
23 October 2025
Aethir Foundation announces cancellation of Cloud Drop Season 3, redirecting 1.26 billion ATH tokens to the Digital Asset Treasury instead of community distribution
31 December 2025
Aethir reports $127.8M in full-year 2025 revenue and $167M ARR; claims to be top-revenue compute DePIN
10 April 2026
Cross-chain bridge exploit detected on AethirOFTAdapter contract; PeckShield estimates $400K lost, Aethir claims user losses under $90K; exchanges blacklist attacker wallets
Decision Log
- slot 455365955 · hash 6zVL63cpvdQDcEzQC9TttMHzm1SiqVEVmwzEbUdAaj6H
- slot 453809193 · hash 48TZgFY7cD43wbaXBPLhwuGsAu3GyvksmnrN3aSfoiGM
- slot 423942103 · hash EdaewBJAfFZL2bhpkJVzLboXgXLxDUEBr48UvcPp6Mmf
- slot 423942087 · hash DDi7vBFAMq1Be5mK92BfrftRhu7e4fUTirPnW8iUfdCC
- slot 422969571 · hash BxJ4xyUb6QYM4AKzxiRPmawYbQfCJzCp5ivvfF5BgcB4
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 28 of 31 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:17 AM
last updated: 10/10/2026, 6:46:08 PM
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