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BTC $75,737.30 -0.58%
ETH $2,335.52 -0.90%
BNB $624.25 -1.53%
XRP $1.44 +0.10%
SOL $86.22 -0.66%
TRX $0.3301 +0.46%
DOGE $0.0947 -1.24%
ADA $0.2485 -1.12%
BCH $442.26 -0.94%
LINK $9.27 -0.90%
HYPE $43.59 -1.32%
AAVE $93.38 -16.39%
SUI $0.9585 -1.06%
XLM $0.1706 +0.39%
ZEC $336.84 +3.63%

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Dr. Wang Daxue, CFO of Lotus Technology, confirmed his attendance at the ChainCatcher Hong Kong forum themed "Crypto 2026: From Cryptocurrency to Smart Economy."

Lotus Technology Inc. (Lotus Technology, Nasdaq: LOT.US) Chief Financial Officer Dr. Wang Daxue confirmed his attendance at the forum themed "Crypto 2026: From Cryptocurrency to Smart Economy" held in Hong Kong on April 19, where he will present on the topic "Crypto Links to the Physical Industry, Smart Mobility on the Chain." This event is co-hosted by ChainCatcher and RootData and is one of the important peripheral activities during the Hong Kong Web3 Carnival.Lotus Technology has operational entities in the UK, EU, and China, with a sales network covering major markets worldwide. The company is committed to creating high-end luxury lifestyle vehicles, focusing on world-class R&D in next-generation automotive technologies such as electrification and intelligence.In recent performance communications from Lotus Technology, Dr. Wang Daxue emphasized cost optimization and operational efficiency improvements. As AI, crypto networks, and the physical industry accelerate their integration, his presentation will explore how on-chain technology can more deeply serve real-world applications from the perspective of the smart mobility industry. This forum will focus on the paradigm shift under the deep integration of AI technology and crypto networks, engaging in in-depth discussions around cutting-edge tracks such as AI Agent economy, smart payments, RWA, and crypto infrastructure.Event registration: https://luma.com/18v6vwpf

Rhea Finance disclosed the reason for the attack, a flaw in the slippage protection logic led to a loss of 18.4 million dollars

According to RHEA Finance's official disclosure, the NEAR ecosystem lending protocol RHEA Finance (formerly known as Burrow Finance) experienced a margin trading feature hack, resulting in a loss of approximately $18.4 million.The attacker began laying the groundwork several days prior by creating multiple fake token pools on Ref Finance and injecting liquidity, constructing a malicious exchange route that exploited a vulnerability in the protocol's slippage protection mechanism—this mechanism did not account for the scenario where intermediate tokens were reused when calculating the minimum output of multi-step exchanges—leading to the borrowed debt tokens being directed into fake token pools controlled by the attacker, triggering a large-scale forced liquidation that ultimately drained the protocol's reserve pool. During the attack, the attacker deleted a total of 55 intermediate accounts to cover their tracks. Currently, the attacker has returned approximately 3.359 million USDC and 1.564 million NEAR to the RHEA lending contract, while another 4.34 million USDT has been frozen (of which Tether froze 3.291 million and NEAR Intents froze 1.053 million). The protocol contract has been suspended, and the team is collaborating with centralized exchanges for joint tracking and has notified relevant law enforcement agencies.
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