Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago

2024-05-13 Cointelegraph

https://cointelegraph.com/news/rain-exchange-suffered-14-1-million-suspicious-outflows-two-weeks-ago-zachxbt

Thumbnail for Rain exchange lost $14.1M worth of crypto in a confirmed exploit 2 weeks ago

Rain said a security incident affected the Bahrain-based cryptocurrency exchange after ZachXBT reported suspicious April 29 outflows totaling about $14.1 million. Funds from BitGo multisignature wallets were sent through an address that swapped tokens for BTC and ETH, with destination wallets holding about 137.9 BTC and 1,881 ETH at the time described. Rain co-founder AJ Nelson said the team covered the losses from its own reserves, maintained one-to-one customer backing, kept operations running, and was working with law enforcement. The article's Kimsuky mention appears only as unrelated crypto-sector context and does not attribute the Rain exploit to North Korea.

Indicators of Compromise

Type Value First Seen Last Seen
DOMAIN gnus.ai 2024-05-13 2024-05-13

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