DeFiBearishThe Block · 6h ago7/10
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Rhea Finance post-mortem puts exploit losses at $18.4 million, more than double initial estimates
Rhea Finance's post-mortem analysis reveals an exploit that resulted in $18.4 million in losses, significantly exceeding the initial $8 million estimate. The attacker leveraged a deliberately constructed swap route to open leveraged margin positions and extract value from the protocol, highlighting critical vulnerabilities in DeFi margin trading mechanisms.
