ME News reports that on September 7 (UTC+8), the L1 blockchain Rocket posted that a chain-based 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 false 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 smaller accounts, with further details to be announced as soon as possible. (Source: PANews)
Rocket Blockchain Suffers $287,000 Loss in Attack
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Summary
Rocket Blockchain reported a $287,000 loss following an on-chain attack on September 5. Attackers exploited a dormant perpetual market using one-time accounts to place inflated price orders and engage in self-trading, generating fictitious profits. On-chain analysis showed that the accounts were later liquidated, enabling the attacker to withdraw funds via the Bridge. Deposits, withdrawals, and transactions have been paused. The team is collaborating with security firms, law enforcement, and partners to track and freeze the stolen assets. A recovery plan is under development, with priority given to refunds for small accounts.
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