Rocket Loses $287,000 in Attack Targeting Dormant Perpetual Market

Rocket has halted deposits, withdrawals, and trading after an attacker manipulated an inactive perpetual market to generate artificial profits. The attacker used a burner wallet to trade against itself at inflated prices before withdrawing around $287,000 (roughly Rs. 2.7 crore) from the Bridge. Rocket said it is working with security firms, exchanges, bridges, stablecoin issuers, and law enforcement to investigate the incident.
Source: gadgets360-tech