What happened
Quick Summary
Rain exchange experienced an exploit resulting in the loss of ~$14m
Details of the Exploit
On April 29, 2024, the crypto exchange Rain was likely exploited, resulting in the loss of $14.8 million. Suspicious outflows from Rain's BTC, ETH, SOL, and XRP wallets were quickly transferred to instant exchanges and swapped for BTC and ETH. The stolen funds currently consist of 137.9 BTC and 1881 ETH.
Case & protocol details
Classification
Infrastructure / CeFi / Key Compromise
Protocol Type
Prediction Market
Official Website
rain.com/?ga_ad=tw
Protocol Twitter/X
@rain
Security review history
- Hacken Report
Evidence & learning
Attack pattern
Compare incidents →Sources and on-chain records
- report Report twitter.com
- analysis Website reference x.com
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