BTC $62,924.46 -0.26%
ETH $1,874.27 -0.08%
BNB $605.49 -0.32%
XRP $1.00 -0.38%
SOL $75.09 -0.72%
TRX $0.3325 -0.16%
DOGE $0.0697 +0.04%
ADA $0.1794 -0.82%
BCH $202.23 -1.68%
LINK $8.92 +1.68%
HYPE $55.60 -3.24%
AAVE $86.50 -0.86%
SUI $0.6782 -0.75%
XLM $0.1593 +0.07%
ZEC $486.74 +0.62%
BTC $62,924.46 -0.26%
ETH $1,874.27 -0.08%
BNB $605.49 -0.32%
XRP $1.00 -0.38%
SOL $75.09 -0.72%
TRX $0.3325 -0.16%
DOGE $0.0697 +0.04%
ADA $0.1794 -0.82%
BCH $202.23 -1.68%
LINK $8.92 +1.68%
HYPE $55.60 -3.24%
AAVE $86.50 -0.86%
SUI $0.6782 -0.75%
XLM $0.1593 +0.07%
ZEC $486.74 +0.62%

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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