Ethereum layer-2 community Scroll has delayed its chain finalization resulting from a probably exploitable bug inside its ecosystem.
On July 19, Rho Markets, a lending protocol on the blockchain, detected uncommon exercise and suspended operations to research.
Blockchain safety agency Cyvers Alert reported a hack of roughly $7.6 million on Rho Markets’ USDC and USDT swimming pools. The agency said:
“The foundation explanation for this incident appears to be an oracle entry management by a malicious actor!”
Based on DeBank’s dashboard, the exploiter’s pockets holds 2,203 ETH value $7.5 million and different property like Mantle’s MNT, Binance’s BNB, and Fantom’s FTM tokens.
In response, Scroll Community said that it was delaying its chain finalization. The undertaking said:
“After verifying with the Rho Markets crew, we initiated a coordinated response. To totally assess the state of affairs, Scroll determined to briefly delay chain finalization. We confirmed that the exploit was application-specific.”
In the meantime, Scroll’s determination sparked a debate in regards to the community’s decentralization. Critics argue that delaying the chain contradicts decentralized rules, whereas supporters imagine the transfer was obligatory to guard customers’ property.
Andy, the co-founder of The Rollup, said:
“Till issues are near being maximally decentralized I believe pausing state finalization to stop person funds being misplaced is true. Particularly an ecosystem undertaking who’s making an attempt 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 could be a whitehat act.
On-chain messages shared by blockchain investigator ZachXBT present the attacker’s willingness to return the funds. The message reads:
“Howdy RHO crew, our MEV bot profited out of your worth oracle misconfiguration. We perceive the funds belong to customers and are keen to completely return them. However first, we want you to confess it was a misconfiguration, not an exploit or hack. Additionally, please clarify how you’ll stop this from taking place once more.”
Notably, on-chain information reveals the attacker’s handle is linked to a number of centralized crypto exchanges, together with Binance, Gate, KuCoin, and OKX.
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