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Attackers appear to have obtained three out of 11 private keys needed to upgrade the protocol.

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Radiant Capital Loses $50M to Second Blockchain Exploit This Year

Radiant Capital halted lending on BNB Chain and Base, a layer-2 network, after the cross-chain lending protocol suffered a more than $50 million cybersecurity breach.

Cointelegraph

Radiant Capital halts lending after exploit

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Multichain money market Radiant Capital has been exploited for at least $48 million in what is suspected to be an access control breach, according to early reports by security firm Hacken. The DeFi protocol’s native token RDNT crashed 7% following the news and is still down a little over 5% over the last 24 hours, trading at $0.067 as of press time. The attack appears to have involved the compromise of Radiant Capital’s MultiSig wallet, a securi…

CryptoSlate

DeFi protocol Radiant Capital loses $48 million in second exploit this year

Radiant Capital Loses $50M After an Exploit Hackers have stolen more than $50 million in cryptocurrencies from Radiant Capital.

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.

Radiant Capital Loses $50M After an Exploit

Radiant Capital has allegedly been hacked with scammers siphoning $51,5 million so far from the accounts. The attack is reportedly isolated to Arbitrum and BSC. In a post on X platform, Web3 real-time security and hack prevention Ancilia Inc. warned the market of the breach and confirmed the illegal activity which resulted in the transfer from user’s account through contract 0xd50cf00b6e600dd036ba8ef475677d816d6c4281. “Please revoke your approva…

Cryptopolitan

Radiant Capital allegedly hacked and $51m stolen

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DeFi Protocol Radiant Capital Loses $48 Million In Second Exploit This Year - Plato Data Intelligence

Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.   Source link  The post Radiant Capital halts lending after exploit appeared first on TECHTELEGRAPH.

TECHTELEGRAPH

Radiant Capital halts lending after exploit - TECHTELEGRAPH

Blockchain lending protocol Radiant Capital lost more than $50 million on Wednesday as the result of an apparent cyberattack, according to security experts and blockchain data. An attacker gained control of Radiant Capital’s blockchain contracts by obtaining three of the “private keys” that control the protocol, security experts said. “Radiant Capital […]

OODA Loop

Radiant Capital, a decentralized finance (DeFi) protocol that aims to consolidate fragmented liquidity across blockchains, lost millions of dollars in an exploit on Wednesday. Web3 security firm De.Fi estimated that $58 million was lost from the contracts exploit on the BSC and Arbitrum chains, while other security firms suggest the losses were closer to $51 million. “We are aware of an issue with the Radiant Lending markets on Binance Chain and…

unchainedcrypto.com

Radiant Capital Halts Lending Markets After $50 Million Exploit

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Radiant Capital Loses $50M to Second Blockchain Exploit This Year

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