Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network
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The post Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network appeared first on Coinpedia Fintech News
The hacker who recently siphoned $52 million from the decentralized finance protocol Radiant Capital has offloaded ninety-nine percent to the Ethereum network. Blockchain security firm PeckShield estimated that about $52 million worth of ETH was bridged from layer-2 settlement protocols Arbitrum and BNB Chain to Ethereum on October 24. Lending markets of cross-chain DeFi platform Radiant Capital were stopped following the attack on October 16. The exploit was a malware attack on the devices of core developers to gain control over the platform’s multisignature wallet.
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