Crypto exchange Rain was hacked for $14.8 million.

👀 Analyst ZachXBT reported that the crypto exchange Rain was likely hacked for $14.8 million.

🙀 The exploit occurred on April 29, 2024. Suspicious outflows of BTC, ETH, SOL, and XRP were discovered on the exchange's wallets. All withdrawn funds were converted into BTC and ETH.

Rain is popular in the 🏜Middle Eastern market.