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Realio Network, a Layer-1 platform built around real-world asset tokenization, shut down its webapp and halted its native chain on August 25 after attackers swept roughly 124.4 million RIO tokens from platform-controlled wallets and user accounts.
The native chain was stopped at 10:38 UTC, following a directive from the lead developer during an active investigation. Webapp access was suspended alongside it, leaving users unable to interact with their funds while the team works on recovery.
What actually happened
The attack targeted signing capabilities on platform-controlled wallets tied to the realio.fund interface. From there, the attacker moved stolen assets across five networks: Ethereum, BNB Chain, Algorand, Stellar, and the Realio native chain itself.
According to on-chain analysis published by realiostats.com, the vast majority of the drained tokens, roughly 113.7 million RIO, came from treasury and reserve holdings that were already excluded from circulating supply figures.
Approximately 10.7 million RIO was pulled from user accounts, representing around 3.3% of the previously circulating supply. On the Realio native chain specifically, about 5.73 million RIO was taken from 2,374 individual user accounts before the chain halt cut off further withdrawals.
Over 2.5 million RIO was sold through tracked trades on the Stellar decentralized exchange, and some of those sales reportedly continued even after the breach became public knowledge.
MEXC and KuCoin both moved to suspend RIO deposits on Algorand following community warnings.
Why this hits differently for an RWA platform
Realio is not a general-purpose DeFi protocol. Its pitch is bringing real-world assets, think private equity, real estate, and similar instruments, onto a blockchain for tokenized ownership and trading.
The breach also illustrates a structural tension in platforms that serve both custodial and non-custodial users under the same interface. Realio.fund apparently handled both setups, and the attack affected accounts across that spectrum. Users who believed they held non-custodial control found out that the platform’s signing infrastructure was a shared vulnerability.
What comes next for RIO holders
The immediate concern for token holders is liquidity. With the native chain halted, webapp access suspended, and two major exchanges pausing deposits, RIO’s tradeable market narrowed sharply in the hours following the announcement.
The longer-term question is how the Realio team handles restitution for the roughly 2,374 users whose native-chain holdings were swept. The team has indicated it is actively investigating and working toward recovery, though the specifics of any compensation or token management plan had not been confirmed at the time of the chain halt.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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