Rhea Finance has announced that its RHEA DEX on NEAR Protocol has resumed full operations. The decentralized exchange had been paused as a precaution after a recent exploit affecting the broader DeFi protocol, in which attackers extracted at least $7.6 million.
DEX Returns After Precautionary Suspension
According to the project’s update, the DEX itself was not directly affected by the incident. Even so, Rhea Finance chose to suspend operations temporarily while conducting the necessary reviews and evaluations. This kind of staged response is common in DeFi after a security event, especially when teams aim to limit risk exposure before restoring user-facing services.
Lending Service Update Expected Soon
With the exchange now back online, attention is shifting to the protocol’s lending products. Rhea Finance said it plans to share further updates on its lending services soon, though no specific timeline or recovery details were provided in the source material. For users and market participants, the key next step will be whether the team can outline a clear path for broader service normalization and demonstrate that post-incident checks have been completed.
At the time referenced in the source, NEAR was up 11.06% and RHEA had gained 2.09%. These price moves reflect market activity around the update, but they do not on their own confirm the full resolution of protocol-level risks.