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Thursday, August 8, 2024
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    HomeFinanceArbitrum-based Rodeo Finance has been exploited a second time, with $1.5 million...

    Arbitrum-based Rodeo Finance has been exploited a second time, with $1.5 million stolen

    Arbitrum-Primarily based Decentralized Finance (DeFi) Protocol Rodeo Finance Jul 11 was used for 1.53 million.ETH).

    In line with information shared by blockchain analytics agency PeckShield, the exploiter later transferred the stolen funds from Arbitrum to and exchanged 285 ETH for unshETH. The exploiter then put ETH on high of the Eth2 stake. Lastly, the exploiter routed the stolen ETH utilizing the favored faucet service Twister Money, which exploiters usually use as a means out to cover the transaction path.

    Motion of funds from Rodeo exploiter. Supply: PeckShield
    Rodeo Finance TVL submit exploit. Supply: DefiLlama
    Exploiting Rodeo Finance Token Worth Drop Report. Supply: CoinGecko

    Proceed studying Coin Telegraph.

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