Rhea Finance attack review: losses expand to $18.4 million, some funds have been recovered
According to ChainCatcher, Rhea Finance has released a post-mortem attack report, confirming an actual loss of approximately $18.4 million due to this vulnerability, a significant increase from the initial estimate of around $7.6 million. The attacker constructed complex transaction paths and manipulated liquidity through fake token pools, directing borrowed assets into pools under their control while returning only a minimal amount. This rapidly turned a large number of collateral positions into low-collateral states, triggering liquidations and ultimately depleting the protocol's reserve funds.
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