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USDC and USDT stablecoins worth more than $7.6 million were withdrawn from the Rho Markets lending protocol, created on the basis of the Scroll blockchain. White hackers are ready to return funds on certain conditions.
Cybersecurity company Cyvers has identified the reason for the exploit: third parties gained access to the protocol oracle. Rho Markets confirmed the discovery of unusual activity on its platform and suspended its operation.
As the "blockchain detective" ZachXBT later reported, the hackers claim that they did not steal the funds and are ready to return them in full. Their MEV bot profited from a configuration error in the Rho Markets price oracle. The so-called "hackers" are ready to return the stolen goods in full, but they need Rho Markets to recognize that this was not an exploit or hacking, but a configuration error on the part of the protocol. They also demanded to report on the measures that the protocol will take to prevent similar incidents in the future.
Cybersecurity company Cyvers has identified the reason for the exploit: third parties gained access to the protocol oracle. Rho Markets confirmed the discovery of unusual activity on its platform and suspended its operation.
As the "blockchain detective" ZachXBT later reported, the hackers claim that they did not steal the funds and are ready to return them in full. Their MEV bot profited from a configuration error in the Rho Markets price oracle. The so-called "hackers" are ready to return the stolen goods in full, but they need Rho Markets to recognize that this was not an exploit or hacking, but a configuration error on the part of the protocol. They also demanded to report on the measures that the protocol will take to prevent similar incidents in the future.
