Arbitrum (ARB)-based decentralized finance (DeFi) protocol Rodeo Finance was hacked, losing $888,000 in assets, and the local token RDO price dropped close to 60%.
On-chain security platform PeckShield 11 July Posted on his official social media account on in the shipment, Rodeo Finance’s He said he was cyber-attacked. DeFi platform under attack 888 thousand dollars worth 472 Ethereum (ETH) found to be lost.
in attack, “Force Investment” judicial price stability their algorithms manipulate quite a variety of assets big discounts It has been reported that a method for obtaining The attackers stole 472 ETHto Arbitrum from your network Ethereum network, and then the cryptocurrency mixer Tornado Cashby transferring to lost its traces.
Not long after PeckShield noticed the attack take precautions for Rodeo Financevia social media warned. However, while Rodeo Finance has not responded to this post, there is no official word yet on the subject. in the statement was not found either.
RDO price crashed
Native token recently released by Rodeo Finance RDO also suffered from the attack.
Coinecko according to data RDOwatched during the day along with the news feed. $0.207 current price from 0.0862 dollars regressed to about 60% lost value. RDOas of writing at $0.104 is being traded.