NEAR Protocol DeFi Hub Rhea Finance Loses $7.6 Million in Oracle Exploit
BeInCrypto
Rhea Finance, a major NEAR Protocol DeFi hub, lost $7.6 million due to an oracle manipulation exploit involving fake token contracts.Summary
Rhea Finance, the primary DeFi hub on the NEAR Protocol, suffered a $7.6 million exploit after attackers manipulated its oracle and validation layer. By deploying fake token contracts and creating new liquidity pools, the perpetrators successfully distorted price feeds to facilitate the theft of assets including USDC, USDT, Zcash, and NEAR. Security firm CertiK identified the attack vector, and in response, the protocol has paused withdrawals while investigating the full impact of the breach on its ecosystem.
(Source：BeInCrypto)