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Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in 'Force-Investment' Hack – Security Bitcoin News

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To cash out their profits, the attacker is said to have 'arbitraged' the decentralized exchange’s pool back to the normal price. decentralized dex

 

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Arbitrum-based Rodeo Finance loses $1.5 million in latest DeFi exploitThe Rodeo hacker moved the stolen funds from Arbitrum to Ethereum and routed these through Tornado Cash to obfuscate the fund’s trail.
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Arbitrum-based Rodeo Finance exploited for second time, $1.5M stolenThe exploiter wallet address still holds over 374 ETH, and Etherscan has marked the address as linked to the Rodeo exploit. According to data shared by blockchain analytic firm peckshield, the exploiter later bridged the stolen funds from Arbitrum to Ethereum and swapped 285 ETH for unshETH. The exploiter then deposited the ETH on Eth2 staking.
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Arbitrum-based Rodeo Finance loses $888,000 in latest DeFi exploit: PeckShieldThe Rodeo hacker moved the stolen funds from Arbitrum to Ethereum and routed these through Tornado Cash to obfuscate the fund’s trail.
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