🤓 The Rain cryptocurrency exchange was hacked for $14.8 million.

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

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 All withdrawn funds were converted into BTC and ETH.

Rain is popular in the Middle Eastern market.