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Zoth ZeUSD

avoid.net/zoth-zeusd→28/100·82% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·EEanqW…1qxn

Summary

Zoth is a Dubai-based real-world asset (RWA) restaking protocol and the issuer of ZeUSD, a CDP-style stablecoin backed by tokenized fixed-income assets including U.S. T-Bills and ETFs. In March 2025, the protocol suffered two separate security incidents within three weeks: a $285,000 logic-flaw exploit on March 1 and a critical $8.4–8.85 million admin key compromise on March 21, the latter resulting in the theft of 8.85 million USD0++ tokens. The stolen funds remain largely unrecovered as of mid-2025, with Zoth offering a $500,000 bounty and engaging Crystal Blockchain BV for forensic investigation.

Connected Entities

4 entities · 60 linked investigations
Organizations
□Zoth ZeUSD□Wormhole62
Protocols
⌂Zoth Protocol8⌂Uniswap58
Relationships
  • Zoth Protocol→mentioned with→Uniswap(70%)
  • Zoth ZeUSD→mentioned with→Wormhole(65%)
  • Zoth ZeUSD→mentioned with→Uniswap(65%)
  • Zoth ZeUSD→mentioned with→Zoth Protocol(80%)
Also appears in
Wormhole·62Lendf.me·30Jump Trading·42OpenZeppelin AI Exploit Threat Vector·15Nexera·32Goliath Ventures / Christopher Delgado·0Aerodrome Finance·58Makina Finance·24Bunni Protocol·28Rain Protocol (RAIN Token)·12+ 50 more

Connected Through

3 shared actors · 260 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Zoth ZeUSD?

Timeline(12 events)

2023

Zoth protocol founded in Dubai by Pritam Dutta and Koushik Bhargav

10 April 2024

Zoth raises $2.5M seed round led by Borderless Capital and others including Wormhole and SingularityDAO

6 August 2024

Zoth raises $4M strategic funding round with Ripple among backers

18 September 2024

Zoth Atlas introduces ZeUSD as a permissionless fixed-income RWA gateway

December 2024

Hacken publishes smart contract audit of Zoth ZeUSD contracts

27 January 2025

Zoth announces first-ever RWA restaking layer with ZeUSD pre-deposit campaign

February 2025

ZeUSD enters beta phase, reaching over $27M TVL within six weeks

March 2025

ZeUSD opens to public; first exploit occurs on the same day — $285,000 stolen via LTV logic flaw in mintWithStable() function exploiting Uniswap V3 price manipulation

21 March 2025

Second exploit: attacker compromises Zoth deployer wallet (0x3604582f...218dca), upgrades USD0PPSubVaultUpgradeable proxy to malicious contract, drains 8,851,750 USD0++ tokens (~$8.4–8.85M). Funds converted to DAI then ETH across five wallets

22 March 2025

Zoth freezes 73% of TVL, engages Crystal Blockchain BV for investigation, and offers $500,000 recovery bounty (10% of recovered funds)

13 April 2025

Whitestream threat intelligence report tags the March 21 exploit with a Lazarus Group attribution indicator (via lazarus.day)

August 2025

Zoth secures $15M strategic token commitment from Bolts Capital to fund protocol recovery and ZeUSD relaunch

Provenance & Audit Trail
Anchored on SolanaVerify on-chain17 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 17 of 20 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:25 AM

last updated: 9/11/2026, 12:56:57 AM

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