Decentralized exchange RISEx said an unauthorized withdrawal affected the RWA strategy tied to its XLP vault yesterday, with 673,011.56 USDC taken. The team said the incident was caused by a configuration error that had existed since the strategy was deployed on July 13. According to RISEx, the issue was detected and fixed within minutes.
The platform said XLP depositors were not affected and that the full loss has already been covered using part of RISEx’s July fees. RISEx added that its core platform remains operational and independent from the impacted strategy.
The team also said it reviewed all transactions and other strategies and confirmed this was the only unauthorized withdrawal. RISEx plans to publish a post-mortem report. It is now working with SEAL 911 to trace the funds and is attempting to contact the relevant addresses in an effort to recover the assets.
Decentralized exchange RISEx said an unauthorized withdrawal hit the RWA strategy associated with its XLP vault yesterday, involving 673,011.56 USDC.
RISEx said the incident was caused by a configuration error that had been present since the strategy was deployed on July 13. The team said it identified the issue within minutes and completed a fix shortly after.
According to the project, XLP depositors were not affected, and the full loss has been covered by part of RISEx’s July fees. RISEx added that the platform itself operates independently and remains normal.
The exchange also said it reviewed all transactions and other strategies and confirmed that this was the only unauthorized withdrawal. A post-incident analysis report will be released later.
RISEx said it is now working with SEAL 911 to trace the funds and is attempting to contact the relevant addresses to seek the return of the assets.
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