Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago
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Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago
Several wallets belonging to Rain sent Bitcoin, Ether, and tokens to an attacker's address
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Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago
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The Rain cryptocurrency exchange was “likely exploited” on April 29 when $14.1 million worth of Bitcoin
BTC
tickers down
$98,309
, Ether
ETH
tickers down
$3,874.90
, Solana
SOL
tickers down
$226.97
, and
XRP
tickers down
$2.40
was transferred to a new wallet under suspicious circumstances, according to a May 13 report from on-chain sleuth ZachXBT. The report comes two weeks after the reportedly suspicious transactions took place.
Rain co-founder AJ Nelson confirmed on X that the transfers were caused by an attacker. Nelson claimed that all assets have been replaced from the team's own funds that the exchange is running normally
Rain is a centralized crypto exchange headquartered in Bahrain. It specializes in serving …
Several wallets belonging to Rain sent Bitcoin, Ether, and tokens to an attacker's address
3551
Total views
32
Total shares
Listen to article
3:17
Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago
News
COINTELEGRAPH IN YOUR SOCIAL FEED
Follow our
Subscribe on
The Rain cryptocurrency exchange was “likely exploited” on April 29 when $14.1 million worth of Bitcoin
BTC
tickers down
$98,309
, Ether
ETH
tickers down
$3,874.90
, Solana
SOL
tickers down
$226.97
, and
XRP
tickers down
$2.40
was transferred to a new wallet under suspicious circumstances, according to a May 13 report from on-chain sleuth ZachXBT. The report comes two weeks after the reportedly suspicious transactions took place.
Rain co-founder AJ Nelson confirmed on X that the transfers were caused by an attacker. Nelson claimed that all assets have been replaced from the team's own funds that the exchange is running normally
Rain is a centralized crypto exchange headquartered in Bahrain. It specializes in serving …