Blockchain expert ZachXBT has revealed that the individual responsible for the recent fund withdrawal from Rho Markets, a lending protocol supported by Scroll, is willing to return all the funds that were taken. The attacker has made it known through an on-chain message that they do not consider their actions to be an exploit or hack, but rather a result of a configuration error in Rho Markets’ price oracle.
According to ZachXBT, the attacker seems to have good intentions and has a significant presence on centralized exchanges. Following the incident, the attacker reached out to Rho Markets directly via another on-chain message, stating that they are prepared to return the funds to the users. However, they have requested acknowledgment from Rho Markets that the incident was not due to an exploit or hack but rather a mistake on the platform’s part. Additionally, they have asked for information on the steps Rho Markets will take to prevent similar incidents in the future.
In response to the attack, Rho Markets has temporarily halted its platform to conduct a thorough investigation. Cyvers Alerts, a blockchain security firm, reported that the attack had affected the protocol’s pools for USDC and USDT, resulting in the unauthorized movement of $7.6 million in user funds across various chains. Both Rho Markets and Scroll have confirmed the incident, citing “unusual activity.”
Rho Markets assured its users that the platform would resume normal operations once the investigation is complete. They expressed appreciation for the understanding and patience of their user base during this challenging time. It is essential for platforms like Rho Markets to prioritize security measures and implement safeguards to prevent similar attacks in the future, ensuring the safety of user funds and maintaining trust within the community.