BTC $79,232.31 -0.85%
ETH $2,494.90 -0.17%
BNB $739.74 -1.56%
XRP $1.40 -1.58%
SOL $104.09 -1.55%
TRX $0.3345 -0.43%
DOGE $0.0906 +0.44%
ADA $0.2210 +0.04%
BCH $260.58 +1.03%
LINK $12.78 -2.27%
HYPE $85.30 -3.04%
AAVE $132.43 -0.73%
SUI $0.8322 +3.03%
XLM $0.1928 +4.11%
ZEC $1,155.60 -5.03%
BTC $79,232.31 -0.85%
ETH $2,494.90 -0.17%
BNB $739.74 -1.56%
XRP $1.40 -1.58%
SOL $104.09 -1.55%
TRX $0.3345 -0.43%
DOGE $0.0906 +0.44%
ADA $0.2210 +0.04%
BCH $260.58 +1.03%
LINK $12.78 -2.27%
HYPE $85.30 -3.04%
AAVE $132.43 -0.73%
SUI $0.8322 +3.03%
XLM $0.1928 +4.11%
ZEC $1,155.60 -5.03%

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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