Rho Markets has already paused its platform in response to the security breach.
Rho Markets has been exploited for over $7.6 million worth of digital assets, in another blow to the crypto industry.
Rho Markets, a liquidity layer and lending protocol on Scroll, suffered an exploit worth $7.6 million worth of USD Coin (USDC) and Tether USD (USDT).
The exploit occurred because a malicious actor gained access to the protocol’s blockchain oracle, as reported by blockchain security firm Cyvers in a July 19 post on X.
