lazarusholic

• Reported: 2024-10
• Locations: Hong Kong
• Motivations: #FinancialGain
• Sectors: #Cryptocurrency

In October 2024, Radiant Capital suffered a $53 million hack, marking its second major incident of the year. Attackers exploited a flaw in its 3-of-11 multisig setup, gaining control of its lending pools on Arbitrum and BSC. Funds were drained through a proxy contract upgrade, with evidence suggesting weeks of preparation. Despite efforts to secure user funds, this incident raises significant concerns about the security of Radiant’s multi-chain operations.