BTC $62,987.92 -0.04%
ETH $1,878.34 -0.05%
BNB $604.73 -1.07%
XRP $1.00 -0.33%
SOL $75.33 +0.04%
TRX $0.3310 -0.45%
DOGE $0.0697 -0.52%
ADA $0.1767 -1.45%
BCH $203.43 -1.13%
LINK $9.35 -0.48%
HYPE $57.11 +1.67%
AAVE $85.87 -1.20%
SUI $0.6750 -1.28%
XLM $0.1567 -1.12%
ZEC $486.39 -0.91%
BTC $62,987.92 -0.04%
ETH $1,878.34 -0.05%
BNB $604.73 -1.07%
XRP $1.00 -0.33%
SOL $75.33 +0.04%
TRX $0.3310 -0.45%
DOGE $0.0697 -0.52%
ADA $0.1767 -1.45%
BCH $203.43 -1.13%
LINK $9.35 -0.48%
HYPE $57.11 +1.67%
AAVE $85.87 -1.20%
SUI $0.6750 -1.28%
XLM $0.1567 -1.12%
ZEC $486.39 -0.91%

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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