Incident All ledgers
Rain: $14.8m
Rain lost $14.8m on 29 April 2024. Ranked 158th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 29 April 2024
- Lost
- $14.8m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Key Compromise
- Method
- Private Key Compromised
- Chains
- Bitcoin, Ethereum, XRP, Solana
Crypto exchange Rain lost about $14.8M on April 29, 2024 after its wallet private keys were compromised on BTC, ETH, SOL and XRP; the funds were swapped into BTC and ETH. The breach came to light about two weeks later via an independent on-chain investigator.
Against the ledger
- It ranks 158th of the 1,272 incidents with a known loss, and 20th in 2024.
- It accounts for 21.9% of the $67.5m in known losses in April 2024.
- 153 incidents in the ledger are classified as Key Compromise, for $8.96bn in total. This one is 0.2% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 21 Oct 2026 | CoinDCX | $16.0m | CEX | Hot Wallet Key Compromised | — |
| 14 Jan 2019 | Cryptopia | $16.0m | CEX | Hot Wallet Key Compromised | — |
| 08 Apr 2023 | GDAC | $13.9m | CEX | Hot Wallet Key Compromised | — |
| 16 Apr 2026 | Grinex | $13.7m | CEX | Hot Wallet Key Compromised | — |
| 31 Oct 2024 | M2 Exchange | $13.7m | CEX | Hot Wallet Key Compromised | — |
All failures in 2024 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “Rain, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/rain-2024-04-29/. How this is built