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#RheaFinanceReleasesAttackInvestigation
The attacker exploited a vulnerability in the margin trading feature and slippage protection of Rhea Lend. With a preparation capital of 2 days (creating 423 wallets & fake liquidity pools), they borrowed a large amount of assets and directed them to their own fake pool. As a result, the position became under-collateralized and triggered a mass liquidation that drained the protocol's reserves.
Conclusion:
1. Initial losses were reported at $7.6 million, but the investigation results indicate the actual total is **$18.4 million**.
2. Funds successfully secured ~$11.2 million (a combination of voluntary returns by the attacker and freezing by Tether/exchange).
3. The claim "All Funds Returned" is a HOAX (only partially true). There is still about $5.6 million that is under investigation.
4. The team has paused the Rhea Lend contract, working with authorities and exchanges, and is drafting a compensation plan.
Important message: This case is not over. Although the recovery is significant, affected users have not yet been fully compensated.
$GUN @GUNZ Official #Guns
The attacker exploited a vulnerability in the margin trading feature and slippage protection of Rhea Lend. With a preparation capital of 2 days (creating 423 wallets & fake liquidity pools), they borrowed a large amount of assets and directed them to their own fake pool. As a result, the position became under-collateralized and triggered a mass liquidation that drained the protocol's reserves.
Conclusion:
1. Initial losses were reported at $7.6 million, but the investigation results indicate the actual total is **$18.4 million**.
2. Funds successfully secured ~$11.2 million (a combination of voluntary returns by the attacker and freezing by Tether/exchange).
3. The claim "All Funds Returned" is a HOAX (only partially true). There is still about $5.6 million that is under investigation.
4. The team has paused the Rhea Lend contract, working with authorities and exchanges, and is drafting a compensation plan.
Important message: This case is not over. Although the recovery is significant, affected users have not yet been fully compensated.
$GUN @GUNZ Official #Guns
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