L1 Blockchain Rocket Suffers $287,000 Loss in Attack

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On September 5, the L1 blockchain Rocket confirmed a Sybil attack, resulting in a $287,000 loss. Attackers manipulated a dormant perpetual market using one-time accounts to place inflated price orders and engage in self-trading, generating fake profits. They then withdrew approximately $287,000 from the Bridge. All blockchain activity has been suspended. The team is collaborating with security firms, law enforcement, and partners to trace and freeze the stolen funds. A recovery plan is being developed, with priority given to refunding small accounts. Further details will be provided soon.

According to Huoxing Finance, L1 blockchain Rocket posted that a chain attack occurred on September 5, resulting in the loss of approximately $287,000. The attacker exploited a dormant perpetual market on Rocket by placing artificially inflated price orders through a one-time account and trading with themselves, generating fictitious profits while bankrupting the one-time account. The attacker then withdrew approximately $287,000 in profits via the Bridge. All deposits, withdrawals, and trades have been suspended. The team is collaborating with security firms and law enforcement agencies, coordinating with exchanges, cross-chain bridges, and stablecoin issuers to track and freeze the stolen funds. The official team is developing a recovery plan, prioritizing refunds for small accounts, with specific details to be announced as soon as possible.

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