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Rhea Finance Suffers Attack, Loses Approximately $7.6M

GateNews

Security Incidents

2026-04-16 15:17:00

Gate News message, April 16 — According to security firm CertiK, DeFi protocol Rhea Finance suffered an attack in which the attacker created fraudulent token contracts and injected liquidity into newly created pools, allegedly misleading the oracle and verification layer to extract at least $7.6 million in assets.

The attacker exploited the protocol by manipulating liquidity pools with fake tokens, which appear to have caused the oracle system to provide incorrect price data, enabling the unauthorized withdrawal of user funds.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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