Rho Markets Pauses Platform After Attacker Siphons $7.6 Million in Digital Assets

The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the affected assets. Shortly after detecting unusual activity, Rho Markets confirmed the attack. However, in its message to users, Rho Markets downplayed the incident, assuring users that their funds remained secure. The platform will reenable functions once the situation normalizes, Rho Markets added.