News with the tag "Rho Markets"

The MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admit it was not a hack or exploit.

In an interesting turn of events, Rho Markets, a lending protocol based on the Ethereum layer two networks Scroll, has had a daunting experience with grey hat hackers involving the temporary loss of $7.6 million in users’ assets. Rho Markets’ Security Breach Exposed By Gray Hat In an X post on Frida...

The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the...

Ethereum decentralized finance (DeFi) protocol Rho Markets informed users on Friday that $7.6 million worth of compromised user funds are now flowing back into the lending platform. Dear Rho Fams, We are thrilled to announce that the issue has been successfully resolved, no fund get LOST, and we are...

Rho Markets has already paused its platform in response to the security breach.