Rho Markets Hit by $7.6 Million Hack Amid Surge in Crypto Heists
1 min read
Rho Markets, a liquidity layer and lending protocol on Scroll, has suffered a significant breach, losing over $7.6 million in USD Coin and USDT. This incident is another major setback for the cryptocurrency industry. The breach occurred when a malicious actor gained access to the protocol’s blockchain oracle, according to a July 19 post on X by blockchain security firm Cyvers. Cyvers reported, “@RhoMarketsHQ has announced that they have detected unusual activity on their platform on #Scroll chain and paused the platform! Root cause of this incident seems to be an oracle access control by a malicious actor!” READ MORE:
Source: CryptoIntelligence
