“Atheer” avoids a major crisis after containing the “bridge breach”: losses remain less than $90,000

Aether said it remains fully functional after this exploit.

Aethir, a decentralized GPU cloud network that provides scalable computing power for artificial intelligence and gaming, has confirmed that it has detected and contained a malicious attack targeting its ATH bridge contracts that connect Ethereum to other chains.

The team behind the platform said that all the compromised contracts were canceled immediately, thus the exploitation was successfully stopped. It added that the main ATH supply on Ethereum remains fully intact, and the ETH-ARB bridge on Squid has not been affected.

Pirates hit Ether Bridge

According to the official update, user losses have been limited to less than $90,000, and the full compensation plan will be announced next week. Ether too He said It is working with authorities and partner exchanges to track down the attackers and freeze funds associated with them. It credited several exchanges, including Binance, Upbit, Bithumb, and HTX, for quickly blacklisting the identified wallets, which helped limit the damage.

The company also recognized the ZeroShadow blockchain security team for its analysis. She added,

“A full list of the attackers’ wallet will be posted in Discord as we monitor the funds. A detailed note will also be posted in Discord, including what happened, which users were affected, and how compensation will be made. We appreciate the community’s patience and support. Aethir remains fully operational.”

The announcement came on the heels of a report by PeckShield, which had reported the exploit the day before. It was a blockchain security company in the beginning estimated Losses amounted to approximately $400,000 USD and the attacker reportedly transferred funds from BNB Chain to Tron via multiple addresses.

Escalating attacks

PeckShield was recently I mentioned Total losses in cryptocurrency-related security breaches rose to nearly $52 million from 20 incidents, nearly double February numbers. There has been an emerging pattern referred to as “shadow contagion,” where the impact of a single exploit spreads across multiple DeFi platforms.

Rather than remaining isolated, attacks now disrupt interconnected systems by creating bad debts, weakening liquidity pools, and imposing pressures on lending markets beyond the protocol initially targeted.

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One major case involved ResolvLabs, where attackers exploited a vulnerability in its cloud key system to mint large amounts of tokens. This resulted in losses of approximately $25 million and knock-on effects on platforms such as MorphoBlue and Euler Finance.

In another incident, an attacker exploited a vulnerability in the Venus donation protocol on the BNB chain, allowing a trader to bypass collateral limits, borrow millions, and leave unpaid debts behind despite ultimately losing money. PeckShield also noted targeted attacks on individuals, including the theft of millions of dollars involving social engineering on Kraken.

This trend continued into April, as we saw in a major hiatus Affect Drift protocol.