BTC $77,417.92 -1.51%
ETH $2,421.07 -1.84%
BNB $683.81 -0.74%
XRP $1.36 -0.72%
SOL $101.13 -1.49%
TRX $0.3236 -2.79%
DOGE $0.0821 -1.02%
ADA $0.1964 +0.29%
BCH $245.93 +0.40%
LINK $11.34 +0.25%
HYPE $82.29 +0.36%
AAVE $125.77 +2.22%
SUI $0.7250 +0.62%
XLM $0.1758 -0.43%
ZEC $834.07 -0.69%
BTC $77,417.92 -1.51%
ETH $2,421.07 -1.84%
BNB $683.81 -0.74%
XRP $1.36 -0.72%
SOL $101.13 -1.49%
TRX $0.3236 -2.79%
DOGE $0.0821 -1.02%
ADA $0.1964 +0.29%
BCH $245.93 +0.40%
LINK $11.34 +0.25%
HYPE $82.29 +0.36%
AAVE $125.77 +2.22%
SUI $0.7250 +0.62%
XLM $0.1758 -0.43%
ZEC $834.07 -0.69%

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

2026-04-18 05:59:50

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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