White Hackers Blackmail Rho Markets after stealing $7.6 million

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They are willing to return the stolen funds in exchange for admitting the mistake.

Over $7.6 million worth of USDC and USDT stablecoins were withdrawn from the Rho Markets lending protocol, which operates on the Scroll blockchain. A group of white hackers expressed their willingness to return the funds if certain conditions are met.

The cybersecurity company Cyvers pointed out the reason for the incident: third parties gained access to the protocol oracle. Rho Markets has confirmed the presence of unusual activity on its platform and temporarily suspended operations.

According to researcher ZachXBT, the hackers claim that the funds were not stolen and are ready to return them in full. According to the attackers, their MEV bot made a profit due to an error in the configuration of the Rho Markets price oracle.

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ZachXBT shared an intruder's message

Hackers are ready to return the funds in full, provided that Rho Markets recognizes the incident not as an exploit or hacking, but as a protocol configuration error. Cybercriminals also demanded that Rho Markets report on the measures that will be taken to prevent similar cases in the future.

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