Ethereum layer-2 community Scroll has delayed its chain finalization as a consequence of a doubtlessly exploitable bug inside its ecosystem.
On July 19, Rho Markets, a lending protocol on the blockchain, detected uncommon exercise and suspended operations to analyze.
Blockchain safety agency Cyvers Alert reported a hack of roughly $7.6 million on Rho Markets’ USDC and USDT swimming pools. The agency acknowledged:
“The foundation reason behind this incident appears to be an oracle entry management by a malicious actor!”
In line with DeBank’s dashboard, the exploiter’s pockets holds 2,203 ETH price $7.5 million and different property like Mantle’s MNT, Binance’s BNB, and Fantom’s FTM tokens.
In response, Scroll Community acknowledged that it was delaying its chain finalization. The challenge acknowledged:
“After verifying with the Rho Markets crew, we initiated a coordinated response. To completely assess the state of affairs, Scroll determined to quickly delay chain finalization. We confirmed that the exploit was application-specific.”
In the meantime, Scroll’s choice sparked a debate concerning the community’s decentralization. Critics argue that delaying the chain contradicts decentralized ideas, whereas supporters imagine the transfer was vital to guard customers’ property.
Andy, the co-founder of The Rollup, acknowledged:
“Till issues are near being maximally decentralized I believe pausing state finalization to forestall consumer funds being misplaced is correct. Particularly an ecosystem challenge who’s attempting to innovate. I don’t know what this says about Scroll’s censorship resistance although.”
Whitehat hacker?
In the meantime, the attacker seems keen to return the stolen funds, resulting in speculations that the incident is perhaps a whitehat act.
On-chain messages shared by blockchain investigator ZachXBT present the attacker’s willingness to return the funds. The message reads:
“Hiya RHO crew, our MEV bot profited out of your value oracle misconfiguration. We perceive the funds belong to customers and are keen to totally return them. However first, we wish you to confess it was a misconfiguration, not an exploit or hack. Additionally, please clarify how you’ll stop this from occurring once more.”
Notably, on-chain knowledge exhibits the attacker’s handle is linked to a number of centralized crypto exchanges, together with Binance, Gate, KuCoin, and OKX.
