A Cryptocurrency Platform Falls Victim to Hackers – Developers Issue Statement
In the latest incident reported by cybersecurity firm Cyvers Alerts, a cryptocurrency platform has become the target of hackers. Rho, the lending protocol supported by the Ethereum layer-2 protocol Scroll, fell victim to a hack today. The consequences of the attack were significant, with the USDC and USDT pools being particularly affected. The hacker currently holds approximately $7.6 million in funds across multiple chains.
The attackers responsible for the hack have released an on-chain message stating their intention to refund users’ money. They claim that their MEV bot took advantage of a misconfiguration in the price oracle. Recognizing that the funds belong to the users, they expressed their readiness to provide full refunds.
Upon discovering the potential vulnerability in their ecosystem, the Scroll team took immediate action. They swiftly coordinated their response after verifying the situation with the Rho Market team. As part of their evaluation process, Scroll decided to temporarily delay the finalization of their chain. They also clarified that the vulnerability was specific to the application and not a systemic issue with the Scroll protocol.
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