Rocket Pauses Trading After $287K Perpetual Market Attack

According to BlockchainReporter, DeFi platform Rocket has paused trading, deposits, and withdrawals following a perpetual-market manipulation attack that removed approximately $287,000 from its Bridge. Reporting by BlockchainReporter notes that the incident occurred on September 5, 2026, when an attacker utilized a burner account to post artificially inflated prices and trade against themselves on a dormant market. This sequence generated fake profit in one account while forcing the disposable account into bankruptcy, allowing the profitable account to withdraw roughly $287,000.

BlockchainReporter states that Rocket's preliminary account indicates a market-control failure rather than a confirmed smart-contract exploit. The platform is currently working with security firms, law enforcement, and other counterparties to trace assets and seek freezes, though no timetable has been provided for restoring platform functions. Rocket intends to socialize the loss and prepare a recovery plan prioritizing smaller accounts, but specific details regarding eligibility and timing remain pending. The platform warns users to rely only on official channels and its Discord for updates while investigations continue.