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LINK $9.60 +1.17%
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AAVE $115.26 +1.61%
SUI $0.9938 -0.17%
XLM $0.1732 +3.53%
ZEC $334.67 -1.89%
BTC $77,290.57 +3.42%
ETH $2,422.77 +3.90%
BNB $644.91 +2.17%
XRP $1.48 +2.96%
SOL $88.90 +0.74%
TRX $0.3270 +0.10%
DOGE $0.0992 +0.73%
ADA $0.2577 +0.23%
BCH $454.05 +0.22%
LINK $9.60 +1.17%
HYPE $45.05 +2.83%
AAVE $115.26 +1.61%
SUI $0.9938 -0.17%
XLM $0.1732 +3.53%
ZEC $334.67 -1.89%

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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