Was $7.6M Rho Protocol Exploit a Hack? Suspected Attacker Denies Wanting to Steal from Users
full version at dailycoin
Rho protocol exploited, significant funds taken. The attacker states the exploit was due to a misconfiguration. Exposure to centralized exchanges suggests non-malicious intent. The decentralized finance (DeFi) sector, built on open blockchain protocols, promises to be fairer and more transparent than traditional banking. This transparency also means that blockchain vulnerabilities are also in plain view for both malicious actors and others. The latest incident showcasing these vulnerabilities is the Rho Protocol exploit, which saw one user drain $7.6M from the protocol. Surprisingly, the suspected hacker claims that the exploit was unintentional and driven by a misconfiguration in the price
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