Rocket Halts Trading After $287K Perpetual-Market Attack

Rocket, a decentralized finance (DeFi) platform, has paused trading after a $287K perpetual-market attack.

The attack occurred on September 5 at approximately 19:00 UTC and involved a dormant market that was manipulated by an attacker using a burner account to post orders at artificially inflated prices.

Rocket said the loss would be socialized, but details on how this calculation will affect individual users are still pending. The platform is working with security firms and law-enforcement agencies to trace the assets and seek freezes.