Rho Markets Recovers $7.6 Million in Stolen Funds, Exploiter Demands ‘Misconfiguration’ Tag
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- Rho Markets saw a $7.6M exploit due to an Oracle access control vulnerability.
- The exploiter offered to return the funds only if the team admits to a misconfiguration error.
- Rho Markets has resolved the issue, with plans to restore affected balances and enhance security protocols.
An individual claiming responsibility for a $7.6 million exploit of lending protocol Rho Markets on the Scroll blockchain has offered to return the stolen funds, but with a catch. The individual is demanding that Rho Markets publicly acknowledge the incident as a misconfiguration rather than an exploit or hack.
We've detected unusual activity on our platform and are currently investigating it. During this time, we will be pausing the platform. Most of the pools are safe, so there is no need to worry. We will keep the community updated on the progress of our investigation. The platform…
— Rho Markets| Rho.scroll (@RhoMarketsHQ) July 19, 2024
On Friday, July 19, Rho Markets acknowledged detecting unusual activity on its system and paused operations to investigate the matter.
According to blockchain security firm Cyvers Alert, the incident resulted in a loss of approximately…
The post Rho Markets Recovers $7.6 Million in Stolen Funds, Exploiter Demands ‘Misconfiguration’ Tag appeared first on Coin Edition.
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