Radiant Capital
Contents
Radiant Capital - Rekt II
Radiant Capital's future has dimmed following a catastrophic security breach.
The multi-chain lending protocol suffered a devastating attack that drained over $53 million from user wallets.
It appears that compromised private keys left Radiant's defenses in tatters.
Markets frozen, users reeling, damage still being tallied and this will be one hell of a post-mortem.
This marks the second major incident for Radiant in 2024, following a $4.5 million flash loan exploit earlier this year.
Could this be the final nail in Radiant Capital's coffin, or can they somehow rise from these ashes?
Credit: Ancilia, Radiant Capital, Hacken
The attack on Radiant Capital unfolded with surgical precision, exploiting a critical weakness in the protocol's multi-signature setup.
Blockchain security firm Ancilia first spotted suspicious activity on Radiant's BSC contract, warning users to revoke approvals as $16M had already vanished.
Radiant Capital remained silent for two hours before finally acknowledging the attack on BSC and Arbitrum.
They announced collaborations …
Radiant Capital's future has dimmed following a catastrophic security breach.
The multi-chain lending protocol suffered a devastating attack that drained over $53 million from user wallets.
It appears that compromised private keys left Radiant's defenses in tatters.
Markets frozen, users reeling, damage still being tallied and this will be one hell of a post-mortem.
This marks the second major incident for Radiant in 2024, following a $4.5 million flash loan exploit earlier this year.
Could this be the final nail in Radiant Capital's coffin, or can they somehow rise from these ashes?
Credit: Ancilia, Radiant Capital, Hacken
The attack on Radiant Capital unfolded with surgical precision, exploiting a critical weakness in the protocol's multi-signature setup.
Blockchain security firm Ancilia first spotted suspicious activity on Radiant's BSC contract, warning users to revoke approvals as $16M had already vanished.
Radiant Capital remained silent for two hours before finally acknowledging the attack on BSC and Arbitrum.
They announced collaborations …
IoC
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