Loading...
The L1 blockchain Rocket experienced an on chain attack on September 5th, resulting in a loss of approximately $287000. The attacker exploited the dormant perpetual market by issuing artificially inflated price orders and trading with themselves to generate false profits, and then extracted approximately $287000 in profits from Bridge. At present, Rocket has suspended all deposits, withdrawals, and transactions, and is working with security companies, law enforcement agencies, and coordinating with exchanges, cross chain bridges, and stablecoin issuers to track and freeze stolen funds, while developing recovery plans.