The post Oracle exploit drains $7.6M from Rho Markets liquidity protocol appeared on BitcoinEthereumNews.com.

Rho Markets has already paused its platform in response to the security breach. Rho Markets, a liquidity layer and lending protocol on Scroll, has been exploited for over $7.6 million worth of USD Coin and USDT in another blow to the crypto industry. The exploit occurred after a malicious actor gained access to the protocol’s blockchain oracle, as reported by blockchain security firm Cyvers in a July 19 post on X. The hack comes days after Indian cryptocurrency exchange WazirX was hacked for $230 million worth of cryptocurrency, in the second-largest crypto heist of 2024 so far. Read more Source: https://cointelegraph.com/news/rho-markets-exploited-76m-oracle-vulnerability?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 19, 2024 11:24 pm