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Sep 7, 2026

Rocket suspends operations after attacker drains $287K through dormant perpetual market manipulation

Cryptocurrency platform Rocket has halted all deposits, withdrawals, and trading after an attacker exploited a dormant perpetual market to manipulate prices and withdraw approximately $287,000 in positive profit and loss from the platform's Bridge.

Sep 7, 2026·1 source
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Top claims

  • ▪Rocket is coordinating with cryptocurrency exchanges, cross-chain bridges, and stablecoin issuers to trace and freeze the stolen $287,000.
  • ▪In March 2025, Hyperliquid's HLP vault absorbed around $4 million in losses after a trader withdrew collateral from a highly leveraged Ether position before liquidation.
  • ▪On September 5, 2026, at approximately 19:00 UTC, an attacker targeted an inactive perpetual market on the Rocket platform using a burner account, resulting in a loss of approximately $287,000.

Topics

Crypto derivativesMarket manipulationDeFiDeFi security