Aethir has confirmed that it remains fully operational after successfully detecting and containing a malicious attack on its bridge infrastructure.
The platform, which provides scalable computing power for artificial intelligence and gaming, revealed that the exploit targeted its ATH bridge contracts connecting Ethereum to other networks.
Attack Contained With Minimal Damage
Aethir stated that all affected contracts were quickly disconnected, effectively stopping the exploit. It emphasized that the main ATH token supply on Ethereum remains secure, while the ETH to ARB bridge on Squid was not impacted.
User losses were kept below 90000 dollars, and the company plans to release a full compensation strategy next week. It also confirmed ongoing collaboration with authorities and partner exchanges to track the attackers and freeze related funds.
Several major exchanges, including Binance, Upbit, Bithumb, and HTX, were credited for rapidly blacklisting suspicious wallets, helping to limit the overall impact.
The company also acknowledged the role of ZeroShadow in analyzing the incident. Aethir noted that a full list of attacker wallets and a detailed report covering the incident, affected users, and compensation process will be shared with the community.
The update came shortly after PeckShield initially flagged the exploit, estimating losses at around 400000 dollars and reporting that funds were moved across multiple addresses from BB Chain to Tron.
Growing Wave of Crypto Attacks
PeckShield recently reported that total losses from crypto security breaches reached approximately 52 million dollars across 20 incidents, nearly double the figures recorded in February. The firm highlighted a growing trend known as shadow contagion, where the effects of a single exploit spread across multiple decentralized finance platforms.
Rather than remaining isolated, attacks are increasingly impacting interconnected systems by creating bad debt, weakening liquidity pools, and placing strain on lending markets beyond the original target.
One notable example involved ResolvLabs, where attackers exploited a flaw in its cloud based key system to mint large amounts of tokens, leading to losses of about 25 million dollars and affecting platforms such as MorphoBlue and Euler Finance.
In another case, Venus Protocol on BB Chain was exploited through a donation related vulnerability. This allowed a trader to exceed collateral limits, borrow millions, and leave unpaid debt despite eventually losing funds.
PeckShield also pointed to targeted attacks on individuals, including a multimillion dollar social engineering incident involving Kraken.
The trend has continued into April, with another major exploit recently affecting Drift Protocol.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
