BTC $62,941.78 -0.00%
ETH $1,878.48 +0.06%
BNB $606.40 -0.75%
XRP $0.9991 -0.24%
SOL $75.22 +0.09%
TRX $0.3313 +0.26%
DOGE $0.0697 -0.31%
ADA $0.1768 -0.89%
BCH $203.73 -0.43%
LINK $9.38 +0.66%
HYPE $57.37 +2.43%
AAVE $86.21 -0.56%
SUI $0.6760 -0.79%
XLM $0.1568 -0.64%
ZEC $485.22 -1.20%
BTC $62,941.78 -0.00%
ETH $1,878.48 +0.06%
BNB $606.40 -0.75%
XRP $0.9991 -0.24%
SOL $75.22 +0.09%
TRX $0.3313 +0.26%
DOGE $0.0697 -0.31%
ADA $0.1768 -0.89%
BCH $203.73 -0.43%
LINK $9.38 +0.66%
HYPE $57.37 +2.43%
AAVE $86.21 -0.56%
SUI $0.6760 -0.79%
XLM $0.1568 -0.64%
ZEC $485.22 -1.20%

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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