CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

MEV Bot Withdrew $7.6 Million from DeFi Protocol Due to Oracle Error

22.07.2024
A A
0
124
VIEWS
ShareShare

$7.6 million in stablecoins was withdrawn from the Rho Markets DeFi protocol due to a misconfiguration of the price oracle. An MEV bot withdrew the assets and returned them after the error was discovered.

Faulty Oracle Allowed MEV Bot to “Earn” $7.6M

The Rho Markets team reported that the DeFi protocol fully resumed operations after $7.6 million in user funds was withdrawn. It’s reported that all assets were successfully returned, and the incident wasn’t a hacker attack.

The protocol team recorded a price oracle manipulation on July 19 that resulted in the withdrawal of USDC and USDT stablecoins. The incident was made possible by an error in the oracle that allowed the MEV bot to profit.

The organization behind the MEV bot said it’s ready to return all assets to users, but the protocol team must admit that it wasn’t an attack or exploit but a configuration error. The Rho Markets team thanked the community and users for their support and promised to strengthen measures to prevent similar incidents. In particular, Rho Markets talked about engaging third-party developers to conduct data monitoring and auditing of smart contracts.

According to DefiLlama, the TVL of Rho Markets decreased by 54% due to the incident — from $51 million to $23.4 million.

Last week, hackers were highly active. In addition to Rho Markets, the affected projects include the crypto exchange WazirX, from which more than $230 million was withdrawn, and the Li.Fi protocol with a $10 million exploit.

Сообщение MEV Bot Withdrew $7.6 Million from DeFi Protocol Due to Oracle Error появились сначала на CoinsPaid Media.

Share10Tweet6ShareSharePin2

Related Posts

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?
All news

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

28.10.2025
0

Bitget Wallet, a leading self-custodial crypto wallet, has announced a full integration with HyperEVM— the Ethereum-compatible smart contract layer that...

Read moreDetails
Why is Tether So Profitable, and Will It Last?

Why is Tether So Profitable, and Will It Last?

28.10.2025
US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

28.10.2025
[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

28.10.2025
China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

28.10.2025
Load More
Next Post
Trump Coins Rocket as Biden Steps Down – Keep an Eye on This Meme Coin

Trump Coins Rocket as Biden Steps Down – Keep an Eye on This Meme Coin

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

XRP Prices Surge as Hinman Speech is Made Public in Ripple Labs Filing

XRP Prices Surge as Hinman Speech is Made Public in Ripple Labs Filing

2 years ago
How low can the Bitcoin price go?

How low can the Bitcoin price go?

2 years ago
Trump Frenzy Triggers Inflows of $2.2B into Digital Asset Merchandise: CoinShares

Trump Frenzy Triggers Inflows of $2.2B into Digital Asset Merchandise: CoinShares

9 months ago
Hong Kong Stock Exchange Tightens Scrutiny on Crypto Hoarding Vehicles: Report

Hong Kong Stock Exchange Tightens Scrutiny on Crypto Hoarding Vehicles: Report

6 days ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

China’s DeepSeek AI Predicts the Price of SOL, XRP, BNB by the End of October 2025

Bullish Crypto to Buy Today, October 27 – Pi, XRP, Virtuals

Former SBF Jailmate Sean ‘Diddy’ Combs Release Date Unveiled

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

Trending

Why is Bitcoin price pumping? Catch up on what’s moving crypto
Analysis

Why is Bitcoin price pumping? Catch up on what’s moving crypto

28.10.2025
0

Bitcoin (BTC) briefly breached $116,000 for the first time in two weeks as traders positioned for a...

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

Bitget Wallet Integrates HyperEVM – Could This Be the Next Big Bridge in DeFi?

28.10.2025
Why is Tether So Profitable, and Will It Last?

Why is Tether So Profitable, and Will It Last?

28.10.2025
US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

US Representative Pushes Crypto Ban for Politicians After Trump Pardons Binance’s CZ

28.10.2025
[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

[LIVE] Crypto News Today: Latest Updates for Oct. 28, 2025 – Layer 2 Sector Tanks 4.4%, ETH Slips to $4K, BTC Below $114K

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz