TechFlow reports that Arbitrum-based leveraged yield protocol Rodeo Finance has released a post-mortem on its recent hack. Due to manipulated price oracle data, an attacker stole approximately $1.7 million from the Rodeo protocol on July 11. About $816,000 of the stolen funds have since been recovered in the form of unshETH.
In addition, Rodeo stated it needs to review its current product roadmap, and plans for scheduled token airdrops, reward distributions, and token vesting will be postponed.
Meanwhile, the Rodeo team is collaborating with security researchers and white-hat hackers to conduct forensic analysis of the vulnerability. They have also expressed willingness to offer a white-hat bounty to the attacker in exchange for returning the stolen funds, and are calling on the hacker to engage in negotiations with the team.
