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. Further analysis revealed that the attacker exchanged the stolen tokens for various other assets before converting them back to ether. Hackers once again used Oracle manipulation…