A Statement Released by Developers After a Cryptocurrency Platform Falls Victim to a Hack
According to cybersecurity firm Cyvers Alerts, yet another cryptocurrency platform has been hacked.
Rho, the lending protocol that is officially supported by the Ethereum layer-2 protocol Scroll, was targeted by hackers today.
The attack had a significant impact on the USDC and USDT pools, with the attacker currently holding approximately $7.6 million in funds across multiple chains.
The hackers responsible for the Rho attack have stated in an on-chain message that they are prepared to refund users’ money. They claim that their malicious activity was made possible by gaining access and control over the Oracle. “Our MEV bot profited from the misconfiguration of your price oracle. We understand that the funds belong to the users and we are ready to refund them in full,” said the attacker.
Upon learning about the potential vulnerability in their ecosystem, the Scroll team responded swiftly. “Scroll was informed of a potential vulnerability in our ecosystem. After confirming with the Rho Market team, we initiated a coordinated response,” stated the developers.
In order to thoroughly assess the situation, Scroll has decided to temporarily halt the finalization of its chain. The team has also confirmed that the vulnerability in question is specific to the application and not a systemic issue with the Scroll protocol.
Please note that this is not investment advice.
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