RISEx XLP Treasury Linked RWA Strategy Suffers Unauthorized Withdrawal of Over $670,000

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On August 3, RISEx reported an unauthorized withdrawal of 673,011.56 USDC from its XLP treasury-linked RWA strategy. The issue stemmed from a configuration error that began on July 13. The team promptly fixed the vulnerability and used July’s trading fees to cover the losses. Depositors were fully compensated, and user funds remained secure. On-chain trading signals showed no breach of withdrawal limits on the platform, bridge, or treasury. The team is actively tracking the funds and contacting relevant addresses to facilitate recovery. A post-mortem report is currently being prepared. Support and resistance levels for XLP will be closely monitored in the coming days.

ChainCatcher report: The decentralized spot and perpetual trading platform RISEx has issued a notice stating that an unauthorized withdrawal of 673,011.56 USDC occurred on August 3 from an RWA strategy linked to the XLP vault. The issue stemmed from a configuration error since its deployment on July 13; the team detected and resolved the issue within minutes. Full compensation to XLP depositors has been provided using a portion of the fees generated in July, and user funds remain unaffected. RISEx stated that the platform, the RISE cross-chain bridge, and the XLP vault all have withdrawal limit mechanisms in place, and the withdrawn amount was below the threshold. The team has reviewed the relevant transactions and configurations and confirmed no other similar issues exist. They are currently tracking the funds and attempting to contact the associated addresses to request repayment. A post-incident analysis report will be released shortly.

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