Rain lost ~$14.8M on April 29, 2024 when exchange wallet private keys were compromised across four chains (BTC, ETH, SOL, XRP). Stolen assets were consolidated into 137.9 BTC and 1,881 ETH via instant exchanges; the breach wasn't disclosed until ZachXBT surfaced it two weeks later.

Crypto detective ZachXBT stated on his Telegram channel that the Middle Eastern cryptocurrency exchange Rain appears to have been hacked, resulting in a loss of $14.8 million USD. The breach occurred on April 29, 2024, when Rain's BTC, ETH, SOL, and XRP wallets experienced suspicious outflows of funds, which were quickly transferred to instant exchanges and converted into BTC and ETH.