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{"actor":"system:backfill","investigation_id":"70eb8857-f552-4eca-9b7a-e322535ed60d","kind":"publish","page_slug":"aethir","published_at":"2026-05-29T15:54:35.718Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Aethir","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://aethir.com/","type":"other","url":""},{"credibility":3,"name":"https://messari.io/project/aethir","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/aethir/what-is/","type":"other","url":""},{"credibility":3,"name":"https://cryptoslate.com/people/mark-rydon/","type":"other","url":""},{"credibility":3,"name":"https://ecosystem.aethir.com/blog-posts/aethirs-record-breaking-q3","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.prnewswire.com/news-releases/aethir-closes-150-million-valuation-pre-a-funding-round-to-scale-its-decentralized-cloud-infrastructure-301886287.html","type":"other","url":""},{"credibility":3,"name":"https://www.coinlive.com/news-flash/183844","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/press-release/2024/02/26/aethir-announces-its-first-decentralized-ai-node-sale","type":"other","url":""},{"credibility":3,"name":"https://tracxn.com/d/companies/aethir/__JXFumZl9z4l4iMTjD2Q6CuBz4vD9LyvlJcpX-qDjqzk/funding-and-investors","type":"other","url":""},{"credibility":3,"name":"https://blog.impossible.finance/aethir-impossible-whitelist-campaign/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://docs.aethir.com/aethir-tokenomics/token-distribution-of-aethir","type":"other","url":""},{"credibility":3,"name":"https://tokenomist.ai/aethir","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/unlocks/aethir","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/price/aethir/vesting","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/aethir","type":"other","url":""},{"credibility":3,"name":"https://tokenterminal.com/explorer/projects/aethir/metrics/revenue","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://ecosystem.aethir.com/blog-posts/aethir-foundation-update-redirecting-season-3-airdrop-to-strengthen-the-aethir-digital-asset-treasury-dat-and-affirming-edge-tokenomics-v1-0-for-sustainable-growth","type":"other","url":""},{"credibility":3,"name":"https://bitrss.com/aethir-redirects-cloud-drop-season-3-to-strengthen-digital-asset-treasury-138863","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/aethir-bridge-exploit-halt-user-compensation-90k-loss","type":"other","url":""},{"credibility":3,"name":"https://cryptopotato.com/aethir-dodges-major-crisis-after-containing-bridge-hack-losses-stay-under-90k/","type":"other","url":""},{"credibility":3,"name":"https://cryptorank.io/news/feed/7e165-aethir-bridge-attack-thwarted-losses","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://t.me/s/investigations","type":"other","url":""},{"credibility":3,"name":"https://paragraph.com/@investigations","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/368956/zachxbt-says-over-100-crypto-influencers-accepted-promo-deals-without-disclosing-paid-ads","type":"other","url":""},{"credibility":3,"name":"https://coincentral.com/zachxbt-exposes-160-crypto-influencers-for-undisclosed-paid-promotions/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.pcrisk.com/removal-guides/33951-aethir-ath-rewards-scam","type":"other","url":""},{"credibility":3,"name":"https://www.pcrisk.com/removal-guides/31480-aethir-ath-allocation-scam","type":"other","url":""},{"credibility":3,"name":"https://www.pcrisk.com/removal-guides/30276-claim-aethir-scam","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://tokenterminal.com/explorer/projects/aethir/metrics/revenue","type":"other","url":""},{"credibility":3,"name":"https://depinscan.io/projects/aethir","type":"other","url":""},{"credibility":3,"name":"https://messari.io/project/aethir","type":"other","url":""},{"credibility":3,"name":"https://medium.com/@meecrypt/the-comparison-of-leading-depin-projects-offering-access-to-infrastructure-ab0c414910f7","type":"other","url":""},{"credibility":3,"name":"https://blockeden.xyz/blog/2026/04/03/depin-revenue-inflection-enterprise-cloud-overflow-akash-ionet/","type":"other","url":""}]}],"sources_used":[],"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.","timeline":[{"date":"2021-01-01","event":"Aethir founded in Singapore by Mark Rydon and Daniel Wang","source":""},{"date":"2022-01-01","event":"Seed round completed, led by Framework Ventures and Infinity Ventures Crypto","source":""},{"date":"2023-07-01","event":"Pre-A funding round closed at $150M valuation, led by Sanctor Capital and HashKey with participation from Maelstrom (Arthur Hayes), Animoca Brands, and others","source":""},{"date":"2024-02-26","event":"Aethir announces its first decentralized AI node (Checker Node) sale via CoinDesk press release","source":""},{"date":"2024-03-18","event":"Checker Node whitelist sale begins; public sale opens March 20, raising over $100M in ETH within hours across 11,000+ wallet addresses","source":""},{"date":"2024-06-12","event":"ATH token launches on 16+ exchanges; reaches all-time high of approximately $0.1185 on launch day","source":""},{"date":"2024-06-12","event":"Aethir mainnet launches with ATH claim and staking functionality","source":""},{"date":"2025-04-07","event":"ATH token hits all-time low of approximately $0.004878, down over 95% from its launch-day peak","source":""},{"date":"2025-10-23","event":"Aethir Foundation announces cancellation of Cloud Drop Season 3, redirecting 1.26 billion ATH tokens to the Digital Asset Treasury instead of community distribution","source":""},{"date":"2025-12-31","event":"Aethir reports $127.8M in full-year 2025 revenue and $167M ARR; claims to be top-revenue compute DePIN","source":""},{"date":"2026-04-10","event":"Cross-chain bridge exploit detected on AethirOFTAdapter contract; PeckShield estimates $400K lost, Aethir claims user losses under $90K; exchanges blacklist attacker wallets","source":""}]},"v":1}