BTC $63,062.63 -2.49%
ETH $1,817.07 -3.63%
BNB $560.66 -3.30%
XRP $1.08 -2.73%
SOL $74.28 -2.98%
TRX $0.3225 -0.25%
DOGE $0.0717 -2.68%
ADA $0.1612 -1.92%
BCH $217.91 -2.59%
LINK $8.11 -4.17%
HYPE $60.42 -8.45%
AAVE $91.06 -3.26%
SUI $0.7299 -2.74%
XLM $0.1863 -2.83%
ZEC $540.16 -3.24%
BTC $63,062.63 -2.49%
ETH $1,817.07 -3.63%
BNB $560.66 -3.30%
XRP $1.08 -2.73%
SOL $74.28 -2.98%
TRX $0.3225 -0.25%
DOGE $0.0717 -2.68%
ADA $0.1612 -1.92%
BCH $217.91 -2.59%
LINK $8.11 -4.17%
HYPE $60.42 -8.45%
AAVE $91.06 -3.26%
SUI $0.7299 -2.74%
XLM $0.1863 -2.83%
ZEC $540.16 -3.24%

Rhea Finance attack review, losses expanded to 18.4 million USD, some funds have been recovered

2026-04-18 05:59:50
Collection

Rhea Finance released an attack review report, confirming that the actual loss from this vulnerability is approximately $18.4 million, significantly up from the initial estimate of about $7.6 million. The attacker constructed complex trading paths, manipulated liquidity using fake token pools, and directed borrowed assets into pools under their control, while only returning a minimal amount of assets, causing a large number of margin positions to quickly become under-collateralized and trigger liquidation, ultimately depleting the protocol's reserve funds.

Currently, approximately $11.2 million in funds have been recovered or frozen, including some USDC and NEAR assets returned by the attacker, as well as about $4.34 million in USDT that has been frozen (with assistance from Tether).

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