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Rho Markets1 decision on this page

Audit log

Every state-changing event for Rho Markets: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

  1. #1publishby system:backfill
    2026-05-28 03:44:08Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 422,640,798
    sig
    iw1MpTwBSnTH…RRNGTaUhexplorer ↗
    hash
    9ETtyceJ3QB1…kRrNZNEtsha256 → base58
    verifying row…full verify ↗
    canonical bytes (5435 B) ▸
    {"actor":"system:backfill","investigation_id":"f38510bf-3842-4f2e-8792-ab32168b81b2","kind":"publish","page_slug":"rho-markets","published_at":"2026-05-28T03:44:08.165Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Rho Markets","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://dedaub.com/blog/rho-markets-incident/","type":"other","url":""},{"credibility":3,"name":"https://rekt.news/rho-market-rekt","type":"other","url":""},{"credibility":3,"name":"https://protos.com/mev-bot-to-return-7-5m-if-rho-markets-admits-to-oracle-error/","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/rho-markets-exploit-scroll/","type":"other","url":""},{"credibility":3,"name":"https://olympixai.medium.com/rho-markets-on-scroll-exploit-analysis-965991270f56","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://thedefiant.io/news/hacks/scroll-halts-chain-finalization-after-usd7m-rho-market-exploit","type":"other","url":""},{"credibility":3,"name":"https://cryptoslate.com/ethereum-layer-2-scroll-halts-chain-finalization-after-rho-markets-suffers-7-6m-breach/","type":"other","url":""},{"credibility":3,"name":"https://cryptobriefing.com/rho-markets-exploit-scroll/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://decrypt.co/240653/rho-markets-scroll-exploit-funds-returned","type":"other","url":""},{"credibility":3,"name":"https://unchainedcrypto.com/scroll-lending-protocol-rho-says-no-funds-lost-after-7-6-million-oracle-exploit/","type":"other","url":""},{"credibility":3,"name":"https://www.web3isgoinggreat.com/single/rho-loss","type":"other","url":""},{"credibility":3,"name":"https://protos.com/mev-bot-to-return-7-5m-if-rho-markets-admits-to-oracle-error/","type":"other","url":""},{"credibility":3,"name":"https://coinedition.com/rho-markets-recovers-7-6-million-in-stolen-funds-exploiter-demands-misconfiguration-tag/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://rhomarkets.medium.com/rho-markets-the-native-liquidity-layer-on-scroll-638664168127","type":"other","url":""},{"credibility":3,"name":"https://www.chainlinkecosystem.com/ecosystem/rho-markets","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/rho-markets","type":"other","url":""},{"credibility":3,"name":"https://www.rootdata.com/Projects/detail/Rho%20Markets?k=MTI4ODc%3D","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://dedaub.com/blog/rho-markets-incident/","type":"other","url":""},{"credibility":3,"name":"https://olympixai.medium.com/rho-markets-on-scroll-exploit-analysis-965991270f56","type":"other","url":""},{"credibility":3,"name":"https://rivanorth.com/blog/hack-explained-rho-market","type":"other","url":""},{"credibility":3,"name":"https://bsc.news/post/rho-markets-hit-by-7-5-m-hack-attackers-demand-admission-of-oracle-error-for-fund-return","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://defillama.com/protocol/rho-markets","type":"other","url":""},{"credibility":3,"name":"https://www.rhomarkets.xyz/","type":"other","url":""},{"credibility":3,"name":"https://docs.rhomarkets.xyz/","type":"other","url":""}]}],"sources_used":[],"summary":"Rho Markets is a DeFi lending protocol (Compound V2 fork) deployed on Scroll, an Ethereum Layer 2 ZK-rollup network. On July 19, 2024, a misconfigured price oracle allowed an MEV bot to extract approximately $7.6 million in user funds; the operator voluntarily returned all funds after demanding a public acknowledgment of the misconfiguration. Despite full fund recovery, the protocol's TVL collapsed to near-zero and remains essentially inactive as of 2026.","timeline":[{"date":"2022-06-08","event":"Rho Markets founded; protocol development begins on Scroll ecosystem.","source":""},{"date":"2024-07-19","event":"Oracle misconfiguration exploit detected: MEV bot drains approximately $7.5-7.6 million in USDC, USDT, and wstETH from Rho Markets pools on Scroll within minutes.","source":""},{"date":"2024-07-19","event":"Rho Markets halts protocol operations. Scroll team temporarily pauses L2 chain finalization to assess scope of breach.","source":""},{"date":"2024-07-19","event":"MEV bot operator sends on-chain message indicating willingness to return all funds, contingent on Rho Markets publicly admitting oracle misconfiguration error.","source":""},{"date":"2024-07-19","event":"Scroll resumes chain finalization after determining exploit was confined to Rho Markets application layer.","source":""},{"date":"2024-07-19","event":"Rho Markets complies with MEV operator demands; all 2,202.85 ETH (approximately $7.6 million) returned to protocol multi-sig Safe wallet. Team announces no user funds permanently lost.","source":""},{"date":"2024-07-19","event":"Dedaub, Olympix, and other security firms publish post-mortems confirming ETH oracle was misconfigured to use the WBTC/USD price feed at deployment time.","source":""},{"date":"2026-05-27","event":"Rho Markets TVL stands at approximately $8 with $0 in active loans; protocol is effectively inactive with no announced relaunch.","source":""}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision 39127cdf-7b87-477d-9d4c-0947d360a384
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.