Rho Markets: Funds Allocation Completed, Protocol Relaunched

Rho Markets announced on social media that it has completed the funds allocation and the protocol is now officially back online. This marks that the platform has successfully resumed operations after experiencing a serious oracle vulnerability incident.

Event Review

Date: July 20

Issue: Oracle vulnerability

Impact: 2203 ETH stolen by a MEV Bot

On July 20, Rho Markets was robbed of 2203 ETH by a MEV Bot due to an oracle problem. This incident has attracted widespread attention and has had a significant impact on the trust of the platform.

Recovery Progress

Funds Returned: Almost all 2203 ETH have been returned

Vulnerability Fix: Rho Markets stated that the vulnerability incident has been successfully resolved

Fund Allocation: Funds are being redistributed back to the loan pool

After the platform's unremitting efforts, almost all of the lost 2203 ETH have been returned. Rho Markets also stated that the oracle vulnerability has been successfully fixed and the platform is currently redistributing funds back to the loan pool.

Outlook and Summary

Rho Markets has demonstrated its emergency response capabilities and technical strength by quickly responding to and resolving the vulnerability incident. After the protocol is back online, the platform will continue to be committed to providing safe and reliable lending services.

After seeing Rho Markets' recovery and re-launch, investors can have greater confidence in the security and future development of the platform. However, any platform has potential risks, and users should be vigilant and conduct appropriate risk management when participating in any financial activities.

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