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Rain

avoid.net/rain→38/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:zachxbt][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4BNZha…jkt2

Summary

Rain (rain.com / Rain Financial) is a Bahrain-headquartered cryptocurrency exchange founded in 2017, holding licenses from the Central Bank of Bahrain and the Abu Dhabi Global Market's Financial Services Regulatory Authority. In April 2024, the exchange suffered a confirmed security breach of approximately $14.8 million in BTC, ETH, SOL, and XRP, which went undisclosed for approximately two weeks until blockchain investigator ZachXBT publicly exposed it. Rain subsequently confirmed the incident and stated that all customer funds were covered from company reserves.

Connected Entities

39 entities · 60 linked investigations
Organizations
□Shiba Inu (SHIB)31□Rain□Chainlink67□Ethereum□BitMEX□Solana□ZachXBT
Protocols
⌂Rain Financial (Crypto Card Infrastructure)⌂Uniswap
Tokens
♦Coinbase♦Rainmaker♦Bitcoin
Wallets
◇47k54g…oiDa◇5zRdtu…AhDY◇9GJXsX…ECDE◇ARVvuT…QEWF◇pX9m35…jE9A◇DWYrQA…JoUD◇HhuAAT…gauD◇9JUMb1…wG5f◇8YWLTo…kifC◇Ee5eX3…QAP8◇69AU8D…4vne◇7rDacy…bzFL+ 15 more
Relationships
  • Rainmaker (RAIN)→associated with→Rain(80%)
  • 7ZUq2c…Y3Ke→sent funds to→Rainmaker(70%)
  • ARVvuT…QEWF→controls→Rainmaker(42%)
  • pX9m35…jE9A→controls→Rainmaker(42%)
  • 8YWLTo…kifC→controls→Rainmaker(45%)
  • 3axgA8…zVHP→controls→Rainmaker(42%)
  • EA9qGv…uBAA→controls→Rainmaker(42%)
  • XAiMHW…TJCL→controls→Rainmaker(42%)
  • 3xMcvp…MhYQ→controls→Rainmaker(42%)
  • 9GJXsX…ECDE→controls→Rainmaker(42%)
  • + 49 more
Also appears in
Shiba Inu (SHIB)·31Dogecoin·74Meter·30Rain Protocol·14BitMart Exchange Shutdown 2026·9Rain Financial (Crypto Card Infrastructure)·58Shibarium·28PAAL AI·28Makina Finance·24Rain Protocol (RAIN Token)·12+ 50 more

Live On-Chain Activity

1 address watched · via Helius
No on-chain activity recorded yet for the addresses linked to this entity. When tracked wallets move funds on Solana, the events will appear here.
Have evidence about Rain?

Timeline(9 events)

2017

Rain Financial founded by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy; entered Central Bank of Bahrain regulatory sandbox.

2019

Rain receives Category 3 Crypto-Asset Module license from Central Bank of Bahrain, becoming the first licensed crypto exchange in the Middle East.

2021

Rain raises $6 million Series A led by MEVP and Coinbase Ventures.

18 January 2022

Rain raises $110 million Series B co-led by Paradigm and Kleiner Perkins.

25 January 2022

ADGM grants Rain in-principle approval for Financial Services Permission in the UAE.

25 July 2023

Rain Trading Limited granted full Financial Services Permission by ADGM FSRA, permitting virtual asset brokerage and custody in the UAE.

29 April 2024

Rain exchange wallets experience approximately $14.8 million in unauthorized outflows across BTC, ETH, SOL, and XRP. Rain does not publicly disclose the incident.

13 May 2024

ZachXBT publishes on-chain analysis on Telegram identifying the Rain exploit and reporting approximately $14.8 million in suspicious outflows, prompting public awareness of the breach.

13 May 2024

Rain issues official statement acknowledging the security incident, stating that Rain Group has covered all losses and that customer funds are safe.

Provenance & Audit Trail
Anchored on SolanaVerify on-chainsrc:zachxbtsrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event).

full audit log →version history →

model: claude-sonnet

generated: 5/4/2026, 2:54:33 AM

last updated: 8/29/2026, 1:32:43 AM

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