Digital Asset
Intelligence
Security Incident · ETH Ecosystem

Rain Security Incident: $14.80M Reported Loss

·Historical incident record

Incident Overview

Crypto detective ZachXBT stated on his Telegram channel that the Middle Eastern cryptocurrency exchange Rain appears to have been hacked, resulting in a loss of $14.8 million USD. The breach occurred on April 29, 2024, when Rain's BTC, ETH, SOL, and XRP wallets experienced suspicious outflows of funds, which were quickly transferred to instant exchanges and converted into BTC and ETH.

Sources & References

Original incident referencehttps://www.panewslab.com/zh/sqarticledetails/u54xv6ns.html (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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