NewsBriefs - Rho Markets suffers $7.5 million potential exploit on Scroll blockchain

Jul 19, 2:17 PM Crypto Briefing

Rho Markets suffers $7.5 million potential exploit on Scroll blockchain

Rho Markets, a Scroll-based money market, experienced a $7.5 million potential exploit. The Scroll blockchain was temporarily halted to assess the situation. An MEV bot reportedly profited from a price oracle misconfiguration. The responsible party offered to return the funds, requesting acknowledgment of the misconfiguration. Blockchain analyst ZachXBT suggests a high probability of fund recovery due to the drainer's exposure to centralized exchanges. Rho Markets' total value locked dropped by $16 million in 24 hours.

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