2025-04-04
Rekt
The Impersonator
#Cryptocurrency
#Scam
#RadiantCapital
Radiant Capital
#RadiantCapital
- Reported: 2024-10
- Locations: Hong Kong
- Motivations: #FinancialGain
- Sectors: #Cryptocurrency
Summary
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.