Aethir Bridge Hack Contained: Losses Under $90K, Wallets Blacklisted
Aethir said it contained a bridge exploit on its ATH cross-chain bridge contracts, and user losses were kept under $90,000. The Aethir bridge hack was assessed as a malicious attack on contracts linking Ethereum to other chains. Aethir quickly disconnected the affected contracts and said its ATH supply on Ethereum remains intact, reducing the risk of broader disruption.
Earlier, PeckShield estimated losses around $400,000 and described attacker fund movements from BNB Chain to Tron via multiple addresses. Aethir later revised the figure to under $90,000 and plans to publish full compensation details next week, including affected users. It also said the incident did not impact the ETH-ARB bridge on Squid.
To limit follow-on damage, Aethir is working with authorities and exchange partners to trace the attacker and freeze related funds. Binance, Upbit, Bithumb, and HTX reportedly blacklisted identified wallets quickly. A wallet list is expected to be posted in Discord as monitoring continues.
For traders, this Aethir bridge hack updates uncertainty around cross-chain losses and highlights ongoing bridge risk. The gap between early and revised estimates may drive short-term volatility, but credible compensation and wallet blocking can help stabilize sentiment.
Neutral
Impact is assessed mainly for the price of ETH. The exploit is described as contained: Aethir disconnected affected bridge contracts and said its ATH supply on Ethereum remains intact, which limits immediate contagion risk to Ethereum exposure. However, the early vs. revised loss estimates (around $400K down to under $90K) can still trigger short-term sentiment swings around cross-chain infrastructure and bridge-related liquidity/hedging flows. Longer-term, the planned compensation details and rapid wallet blacklisting by major exchanges (plus ongoing monitoring) should reduce perceived tail risk, keeping the net effect on ETH price more balanced than clearly bullish or bearish.