After zachxbt sounded the alarm on May 13, Rain admitted that they had had a "security incident", but stressed that customer funds were safe, and stated that the Rain Group had "covered any potential losses resulting from this incident".
Rain cryptocurrency exchange hacked for $14.8 million
Bahrain-based cryptocurrency exchange Rain was exploited for around $14.8 million dollars on April 29. The exchange did not publicly disclose the hack until the suspicious outflows across wallets on multiple blockchains were noticed by blockchain investigator zachxbt.