Rari Capital suffers $11m loss in high-profile exploit
Rari Capital has become the latest DeFi project to suffer an attack at the hands of hackers. The decentralized financial platform revealed yesterday that it suffered a high-profile exploit and that the company lost a huge amount of money in the process.The DeFi platform disclosed the news in a tweet yesterday. The statement said that "There has been an exploit in the Rari Capital ETH Pool related to our @AlphaFinanceLab integration. The rebalancer has removed all funds from Alpha in response. We are currently investigating the situation, and a full report will be shared once everything is assessed."
Rari Capital builds products like optimized yield vaults and boutique lending pools. Vaults can harvest, sell and restake digital assets. They also help maximize profits, lower costs, and increase the burning rate. Lending pools are decentralized applications that allow untrusted users to lend and borrow assets.
The hack is regarded as an "evil contract" exploit. It is designed to trick a contract into thinking certain protocols have changed. Thereby, a platform can grant access or permissions to a hostile contract.
According to Alpha Finance, the hackers targetted Rari Capital's interest-bearing ibETH vault. However, its Alpha's funds remained safe following the attack. "Funds are SAFE on #AlphaHomora. We are notified that @RariCapital has suffered from an exploit that was due to the incorrect assumption when using HomoraBank contract, as they were setting up an ibETH pool on their platform. #Alpha team is here to help," the Alpha team tweeted.
Following the attack, the hacker's wallet held over 4,005 ETH which are worth over $15 million. Since then, the attacker has withdrawn most of the funds. Currently, the wallet currently holds less than 1 ETH.
Crypto platforms still suffer from occasional hacks
Cryptocurrency platforms have lost billions of dollars to hackers over the past decade. Rari Capital's attack indicates that security should remain a priority for both centralized and decentralized cryptocurrency-focused platforms.Having said that, most platforms have compensated users who have lost their funds in an attack. However, the Rari Capital team has yet to reveal its plans for dealing with the lost funds. In addition, RGT, Rari's governance token, has dipped by nearly 20% since the attack. The RGT is currently trading close to $15.
Continue reading by joining Cryptonary Pro
$497/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
