Key Insights:

• Rhea Finance suffers $18.4M crypto hack via margin trading flaw.
• The attacker used fake pools and swap routes to drain reserves.
• The incident raises fresh concerns about DeFi slippage protection.

Rhea Finance, a lending protocol in the NEAR ecosystem, was recently targeted in a crypto hack. It resulted in approximately $18.4 million in financial losses. This hack occurred due to some vulnerabilities discovered in the margin trading function of the platform.

Rhea Finance Loses $18.4M in Crypto Hack Attack

In light of a series of crypto hacks reported in the DeFi world, yet another incident has been discovered. The latest victim on the list is the DeFi platform Rhea Finance, part of the NEAR Protocol….