▼ Bearish
Rain.xyz reported a loss of $449,930 due to a private key compromise affecting its RainCollateralController.
An attacker exploited the withdrawAsset() function, draining 450,000 USDC from the RainCollateral contract on Ethereum. The incident was attributed to a stolen admin key/signature, with no underlying code flaw identified.
The transaction details can be viewed on Etherscan, highlighting the compromised accounts involved.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.