MEV bot to return $7.5M if Rho Markets admits to oracle error
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...