Rhea Finance, a decentralized finance protocol, suffered a significant security breach resulting in losses of approximately $7.6 million. The attack involved the creation of a fraudulent token contract and the injection of liquidity into a newly created pool, which misled oracles and the verification layer. CertiK, a blockchain security firm, has identified the on-chain addresses involved, and investigations are ongoing.
In other developments, the U.S. government deposited 8.2 BTC, valued at around $606,000, into Coinbase Prime. These funds originated from assets seized in connection with the Bitfinex hacker. Additionally, Abraxas Capital deposited 1,993 BTC, worth approximately $148 million, into Kraken, continuing its significant Bitcoin transactions since mid-March.
Rhea Finance Loses $7.6 Million in DeFi Attack
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