Rocket pauses operations after $287,000 perpetual-market manipulation

  • Rocket paused platform operations after an attacker manipulated a dormant perpetual market.
  • The attacker withdrew approximately $287,000 in positive PnL through Rocket’s Bridge.
  • Rocket is investigating with security firms and preparing refunds prioritizing smaller accounts.

Rocket halted deposits, withdrawals and trading after a manipulation of a dormant perpetual market enabled an attacker to withdraw about $287,000 in artificial trading profit through its Bridge. The attack occurred at approximately 19:00 UTC on Sept. 5, when a burner account placed inflated orders and traded against itself, creating gains in another account while the disposable account was driven into bankruptcy. Rocket said the resulting loss will be socialized but has not explained the effect on individual users. Its Sept. 6 disclosure is a preliminary account rather than an independent technical postmortem: the platform has not named the attacker, released transaction hashes, confirmed any asset freezes or set a timetable for resuming services. The platform is working with security firms, law-enforcement agencies, exchanges, bridges and stablecoin issuers to trace the assets and pursue freezes. Rocket is preparing a recovery plan that prioritizes smaller accounts, while warning users that recovery updates will appear only through its official account and Discord channels and that team members will not initiate contact through direct messages.

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