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Rhea Lend1 decision on this page

Audit log

Every state-changing event for Rhea Lend: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

  1. #1publishby system:backfill
    2026-05-19 20:13:19Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 420,839,288
    sig
    4u4gkHqgLf6U…Hi76TQBhexplorer ↗
    hash
    36JvVdojUFhq…jEWjhqAQsha256 → base58
    verifying row…full verify ↗
    canonical bytes (5986 B) ▸
    {"actor":"system:backfill","investigation_id":"9b3955d1-a1de-427d-bfb0-14671152301d","kind":"publish","page_slug":"rhea-lend","published_at":"2026-05-19T20:13:19.058Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Rhea Lend","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://iq.wiki/wiki/rhea-finance"},{"credibility":3,"name":"","type":"other","url":"https://learnnear.club/introducing-rhea-finance/"},{"credibility":3,"name":"","type":"other","url":"https://www.near.org/blog/rhea-finance-debuts-rhea-token-unifying-nea-rs-leading-de-fi-protocols-with-chain-abstracted-liquidity"},{"credibility":3,"name":"","type":"other","url":"https://defillama.com/protocol/rhea-finance"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://guide.rhea.finance/docs/rhea-finance-white-paper"},{"credibility":3,"name":"","type":"other","url":"https://defillama.com/protocol/rhea-finance"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://guide.rhea.finance/developers/audits"},{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-rhea-finance-hack-april-2026"},{"credibility":3,"name":"","type":"other","url":"https://www.theblock.co/post/397961/rhea-finance-post-mortem-exploit-losses-18-4-million-double-initial-estimates"},{"credibility":3,"name":"","type":"other","url":"https://coinedition.com/18-4m-rhea-finance-hack-built-over-two-days-post-mortem-reveals/"},{"credibility":3,"name":"","type":"other","url":"https://www.cryptotimes.io/2026/04/18/hacker-returns-all-the-funds-to-rhea-finance-fact-check/"},{"credibility":3,"name":"","type":"other","url":"https://www.cryptotimes.io/2026/04/16/rhea-finance-loses-7-6m-in-exploit-says-certik/"},{"credibility":3,"name":"","type":"other","url":"https://phemex.com/news/article/rhea-finance-suffers-184-million-exploit-due-to-slippage-protection-flaw-74100"},{"credibility":3,"name":"","type":"other","url":"https://www.web3isgoinggreat.com/single/rhea-finance-exploit"},{"credibility":3,"name":"","type":"other","url":"https://ambcrypto.com/rhea-finance-revises-exploit-losses-to-18-4m-confirms-slippage-flaw-as-funds-partially-recovered/"},{"credibility":3,"name":"","type":"other","url":"https://www.mexc.com/news/1036012"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://iq.wiki/wiki/rhea-finance"},{"credibility":3,"name":"","type":"other","url":"https://learnnear.club/introducing-rhea-finance/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-rhea-finance-hack-april-2026"},{"credibility":3,"name":"","type":"other","url":"https://www.theblock.co/post/397961/rhea-finance-post-mortem-exploit-losses-18-4-million-double-initial-estimates"},{"credibility":3,"name":"","type":"other","url":"https://www.ccn.com/education/crypto/defi-hacks-2026-137m-lost-step-finance-truebit-resolv-exploits/"},{"credibility":3,"name":"","type":"other","url":"https://www.coingabbar.com/en/crypto-currency-news/rhea-finance-crypto-hack-update-near-defi-rhea-token-price-drop"}]}],"sources_used":[],"summary":"Rhea Lend is the lending arm of Rhea Finance, a DeFi protocol on NEAR Protocol formed in early 2025 through the merger of Ref Finance and Burrow Finance. In April 2026, Rhea Lend suffered a major exploit in which an attacker drained approximately $18.4 million by exploiting a flaw in the protocol's slippage protection mechanism via a fake-token pool manipulation scheme. Partial recovery of approximately $9–13 million was achieved through voluntary returns and asset freezes, but the incident represents a critical security failure on an audited protocol.","timeline":[{"date":"2025-02-01","event":"Ref Finance and Burrow Finance announce merger to form Rhea Finance on NEAR Protocol","source":""},{"date":"2025-02-19","event":"Trail of Bits completes smart contract audit of Ref Finance DeFi protocol","source":""},{"date":"2025-03-01","event":"Rhea Finance merger formally announced; $RHEA token introduced as unified governance token","source":""},{"date":"2025-04-02","event":"BlockSec completes audit of Burrow Margin Trading module","source":""},{"date":"2025-08-05","event":"BlockSec completes audit of rNEAR Contract","source":""},{"date":"2025-10-09","event":"Resonance Security completes audit of Liquid Staking Protocol","source":""},{"date":"2026-04-13","event":"Attacker begins two-day preparation: creates 423 intermediary wallets and eight fake token pools on Ref Finance","source":""},{"date":"2026-04-16","event":"Exploit executed: attacker exploits slippage protection flaw in margin trading, draining approximately $7.6 million (initial estimate) from Rhea Lend; CertiK flags the incident; RHEA token price drops approximately 8%","source":""},{"date":"2026-04-17","event":"Additional on-chain activity observed: ~$3.49 million in AAVE USDC V3 tokens moved on Ethereum; attacker returns $3.359 million USDC and $1.564 million NEAR to Rhea Lend contract","source":""},{"date":"2026-04-18","event":"Post-mortem published revising total losses to $18.4 million; Tether freezes $3.291 million USDT in attacker wallet; NEAR Intents freezes additional $1.053 million USDT; Halborn and The Block publish detailed exploit analyses","source":""},{"date":"2026-04-18","event":"Near Intents team states attacker may be identifiable with public social media presence; centralized exchanges notified to assist tracing","source":""},{"date":"2026-05-19","event":"Protocol TVL stands at approximately $120.96 million; compensation framework described as 'in development' with no specifics disclosed; estimated $5.4–9.4 million in losses remain unaccounted for","source":""}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision a88ddbb9-bd80-479c-9085-3b48edf68c80
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.