Rho Protocol Loss: Hacker Offers to Return Funds with Vulnerability Acknowledgement

IconCryptoNewsTerminal Staff19 Jul, 2024

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Rho Protocol Loss: Hacker Offers to Return Funds with Vulnerability Acknowledgement

Rho Markets Exploit Update: Hacker Proposes Fund Return Blockchain security specialist ZachXBT shares recent developments following the Rho Markets vulnerability exploit. The hacker responsible for exploiting an oracle flaw has sent an on-chain message, expressing willingness to return the stolen funds. Conditional Offer The hacker's return offer comes with a condition: acknowledging the incident as a vulnerability, not an attack or hack. This distinction is crucial, as recognizing it as a vulnerability would imply system flaws rather than malicious intent. Increased Recovery Chances ZachXBT notes that the hacker's address has significant exposure to centralized exchanges (CEXs), enhancing the potential for asset recovery. He also suggests the possibility of a whitehat actor involved. Previous Loss As reported earlier, Rho Markets suffered a $7.6 million loss due to the oracle vulnerability exploit. The protocol's team continues to investigate the incident and address the underlying issues.

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