Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today. Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum. F...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens for various other assets before converting them back to ether. ...
Read More: Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Curve Finance: Ethereum’s Glamsterdam upgrade may boost DeFi execution
The Glamsterdam upgrade could enhance DeFi efficiency, potentially boosting Ethereum's market appeal and influencing future price...
Sui’s Hashi Bitcoin Finance Network Launches With More Than $500 Million Committed
TL;DR: Hashi, Sui’s native Bitcoin finance infrastructure, will begin a phased mainnet rollout later this month with more than $50...
US government moves another $1 billion in Bitcoin as BTC slides $4,000
US government-linked wallets moved over $1 billion in Bitcoin on Oct. 8 as BTC prices fell and more coins reached Coinbase Prime....
XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need
Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activit...
Coinbase Cryptographer Calls Drake's 'Bunker Mode' Warning 'The Very Definition of FUD'
Vitalik Buterin said the risk from AI-accelerated math is real but pointed it at lattices rather than elliptic curves. A former Et...
Chainlink Launches One-Click Cross-Chain Vault Deposits Across 80+ Blockchains
TL;DR: Chainlink has launched CCIP Vault Adapters, allowing DeFi vaults on one network to accept deposits from users across more t...