BTC $62,993.84 -0.03%
ETH $1,879.21 -0.01%
BNB $604.71 -0.97%
XRP $1.00 -0.18%
SOL $75.37 +0.20%
TRX $0.3308 -0.51%
DOGE $0.0697 -0.34%
ADA $0.1769 -1.35%
BCH $203.36 -1.14%
LINK $9.35 -0.31%
HYPE $57.21 +1.73%
AAVE $86.03 -0.84%
SUI $0.6763 -0.86%
XLM $0.1568 -0.98%
ZEC $487.04 -0.65%
BTC $62,993.84 -0.03%
ETH $1,879.21 -0.01%
BNB $604.71 -0.97%
XRP $1.00 -0.18%
SOL $75.37 +0.20%
TRX $0.3308 -0.51%
DOGE $0.0697 -0.34%
ADA $0.1769 -1.35%
BCH $203.36 -1.14%
LINK $9.35 -0.31%
HYPE $57.21 +1.73%
AAVE $86.03 -0.84%
SUI $0.6763 -0.86%
XLM $0.1568 -0.98%
ZEC $487.04 -0.65%

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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