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Unknown individuals have taken more than $400,000 in USDT stablecoins from the Aethir cryptocurrency project’s system via the AethirOFTAdapter tool. This tool is utilized for transferring tokens across blockchains. The incident was first reported by representatives from PeckShieldAlert, a firm specializing in cybersecurity.
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Blockchain analysis revealed that the hackers executed a series of rapid transactions to move the stolen tokens from the BNB Chain network to Tron through the Symbiosis Finance platform. Currently, the cryptocurrency resides in two wallets on Tron. There are no indications of fund withdrawal at this time—likely, the perpetrators are holding onto the assets, as suggested by PeckShieldAlert.
Experts believe that the attackers may have exploited a flaw in the smart contract, weak access control mechanisms, or hidden vulnerabilities in cross-chain systems due to their complexity during the breach.
The Aethir team has not yet issued any official statements.
Aethir is a decentralized cloud platform that aggregates unused graphics processing units (GPUs) from data centers, enterprises, mining companies, and other sources. The native token ATH is used for payment of cloud computing services, staking, and governance participation on the platform. The platform is integrated with several blockchains, including Ethereum, Arbitrum, and Solana.
Between January and March, hackers stole over $168.6 million in cryptocurrency from 34 decentralized finance (DeFi) protocols. The largest quarterly theft involved the compromise of the private key of the Step Finance platform, resulting in a loss of assets amounting to $40 million. On April 1, the crypto protocol Drift was hacked, incurring damages of $280 million.
Many blockchain researchers link these hacks to North Korean hacker groups. Members of these groups have been seeking employment in cryptocurrency companies over the past few years with the intent to steal funds, stated MetaMask security expert Taylor Monahan.
