The exploiter has despatched the funds to a multi-sig pockets after what specialists presume to be a white hat hack.
Rho Markets, one of many high 10 largest protocols constructed on Ethereum Layer 2 Scroll, has misplaced over $7 million in an exploit.
Scroll responded by delaying chain finalization till Rho Markets was capable of take management over the exploit response efforts.
The hacker drained about $7.5 million, in accordance with DeBank, after which despatched an onchain message to the Rho Markets workforce that stated their “MEV bot” profited from the protocol’s “oracle misconfiguration.”
“We understand that the funds belong to users and are willing to fully return,” the attacker’s message stated. “But first we would like you to admit that it was not an exploit or a hack, but a misconfiguration on your end. Also, please provide what you are going to do to prevent it from happening again.”
There was no public response from Rho Markets but, nevertheless the hacker despatched all the $7.6 million in stolen funds to a multi-sig. It’s but to be decided whether or not or not that multi-sig is co-owned by Rho Markets.
Onchain sleuth ZachXBT stated on X, the “exploiter has a ton of publicity to centralized exchanges so would say there’s an excellent likelihood this will get recovered and they’re grey or white hat.
