Rhea Finance Hack Shakes DeFi as $7.6M Drained Through Fake Liquidity Trap

TLDR: Attackers deployed fake token contracts and added liquidity to new pools to exploit protocol validation systems. The exploit likely misled Oracle mechanisms, enabling the extraction of approximately $7.6 million in funds. Rhea Finance paused all contracts as a precaution while working with partners and experts on investigations. The team contacted the attacker via on-chain [...]

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