Rhea Finance Suffers a $18.4 Million Loss After an Oracle Attack: ZachXBT Warns, Tether Freezes 4.34 Million USDT, and the Attacker Returns Some Funds
Rhea Finance suffered an oracle manipulation attack on the NEAR Protocol, with losses reaching $18.4 million—double the initial estimate. The attacker manipulated the pricing of a fake token, causing collateral valuations to be incorrect. Tether froze about $4.34 million in USDT; the attacker returned roughly $3.5 million. To date, more than $7.8 million has been recovered, highlighting the importance of oracle security.
ChainNewsAbmedia·13m ago