DeFiBearishBlockonomi · 6h ago7/10
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Rhea Finance Hack Shakes DeFi as $7.6M Drained Through Fake Liquidity Trap
Rhea Finance suffered a $7.6 million exploit through a sophisticated attack involving fake token contracts and manipulated liquidity pools that deceived the protocol's Oracle mechanisms. The attackers extracted funds by creating artificial liquidity traps, prompting Rhea Finance to pause all contracts while investigating the incident with security partners.