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Hack history / 2025 / Hack or exploit

Rari Capital

Hack or exploit on Dec 10, 2025 · Uninitialized Proxy

ONE SOURCE · 1 SOURCE
Lost
$2M
dollars at the time
Returned
none listed
as the sources state it
Rank
#686
among thefts by dollars lost

What happened

On December 10, 2025, Rari Capital Fuse lending pools (dormant after prior $80M+ hacks) were exploited for $2M via unprotected proxy upgrade vulnerability. Attacker hijacked implementation contract to gain admin privileges and enable uncollateralized borrowing.

Details

Date
Dec 10, 2025
Kind
Hack or exploit
Method
Uninitialized Proxy
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum

Reported by

Related incidents

RARI Foundation 2024 · Hack or exploit · undisclosed
BlockTower Capital 2024 · Fraud · undisclosed
Velvet Capital 2024 · Hack or exploit · undisclosed
Grayscale Capital 2024 · Hack or exploit · undisclosed
Nima Capital accused of rug pull 2023 · Rug pull · $3.7M
Cite this pageSwanBluechip, "Rari Capital hack, Dec 10, 2025: $2M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht4e4a1e630a/ (data as of 2026-10-31).
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