China News Daily Official TheBitTimes.com

Crypto assets worth $7.5 million were lost when Rho Markets, a decentralized finance (DeFi) lending platform on Ethereum L2 Scroll, was hacked. However, the operator of the MEV bot responsible is willing to return the funds — as long as Rho Markets admits to its mistakes. The suspicious activity was highlighted by an X (formerly Twitter) user, who noted that the platform was out of the stablecoins USDC and USDT. The user linked to the purported attacker’s address, which shows a gain of $7.5 million over the past hours. Scroll's Rho Markets exploited. USDC/USDT gone, so borrow ETH etc and wait. Think Oracle issue. Attacker address: https://t.co/CboWQND5ZQ pic.twitter.com/5hLWoltciI — CJ the "Doughnut" (@CJCJCJCJ_) July 19, 2024 Read more: Sifu’s UwU Lend reportedly Hack ed for $20M, Curve’s Egorov among affected Half an hour after the initial alert, Rho Markets announced ‘ unusual activity ‘ on the platform, which has been paused while the...

This project’s decentralized oracle architecture enables Web3 businesses to build a wide range of DApps based on real-world information. Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data. The blockchain ecosystem was changed forever with the introduction of smart contracts — digital agreements between two parties that can be executed automatically based on certain conditions. From finance to supply chains, the possibilities that building upon smart contracts opens are nearly endless. However, as blockchain only holds transactional data between participants, smart contracts need a constant flow of information from the real world, like stock prices or shipment locations, to check the status of their subjects’ conditions. This is where blockchain oracles — service networks that bridge blockchain to the outside world — come into play. Oracles provide a wide range of real-world data so that smart ...