Attacker deployed fake token contracts, added liquidity to fresh pools to trick the oracle and validation layer into misreading prices, then drained ~$7.6M from Rhea Finance.
EXPLANATION:
Oracles are systems that feed real-world price data into smart contracts. By creating fake token pools with artificial liquidity, the attacker made the oracle believe those tokens had legitimate value. The protocol trusted those prices, allowing the attacker to borrow or extract far more than they should have been able to. Once the oracle was fooled, draining the funds was straightforward.
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