The $50 million hack sent shockwaves across the defi community with funds authorized to different projects completely drained.

On October 16, 2024, Radiant Capital, a decentralized cross-chain lending protocol built on LayerZero, was the victim of a highly sophisticated cyberattack that resulted in a staggering $50 million loss.

Cross-chain DeFi protocol Radiant Capital saw its TVL drop drastically after two exploits in 2024.

The firm believes when a developer was contacted by a “trusted former contractor” in early September, it was really a DPRK actor in disguise.

Hackers gained access to a developer's computer by posing as a former contractor.

A new postmortem report from Radiant Capital claims a North Korean state-backed hacker was behind the $50 million exploit of the protocol.

Radiant Capital has revealed that the hack that drained $50 million from its DeFi platform was orchestrated by a hacker tied to North Korea. The post Radiant Capital Discloses $50M DeFi Hack Linked to North Korea-Aligned Hacker appeared first on Cryptonews.

A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.

Leading crypto exchange Binance issued a crucial update on crypto Notcoin (NOT), Radiant Capital (RDNT), KAIA, and Aerodrome Finance (AERO) on Wednesday. Notably, the digital asset trading platform revealed that it is delisting certain pairs for two of the mentioned assets while expanding support for the other two.

The world's largest crypto exchange, Binance has announced the removal of two major NOT/BNB and RDNT/BTC spot trading pairs from its exchange. This decision comes after Binance's regular review process, which evaluates factors like dropping liquidity and trading volume issues. If you're currently holding positions in these pairs, here's everything you need to know about.

South Korea's Digital Asset Exchange Association (DAXA) to halt trading support for Radiant Capital (RDNT) over security concerns. This decision follows the project's failure to provide necessary explanations regarding a recent security breach.

Radiant Capital said it had resumed its Ethereum lending markets after implementing several security enhancements to its protocol.

October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October's losses stemmed from exploits, followed by flash loan attacks and exit scams.

The strategy resembles tactics seen in past crypto heists, casting doubt on recovery as the funds could soon be laundered through mixers.

The exploiter's latest movements threaten to permanently vanish the stolen funds into the crypto underworld.

On Oct. 24, blockchain security firm PeckShield reported that the Radiant Capital hacker had transferred nearly all of the stolen funds from Arbitrum and Binance's BNB Chain into the Ethereum network. The funds, valued at approximately $52 million, totaled 20,500 Ether. This development follows the Oct.

The exploiter has moved around 20,500 Ether (ETH), worth approximately $52 million so far.

Blockchain forensic firm PeckShield discovered wallets belonging to Radiant Capital's exploiter transferred $52 million funds into the Ethereum network. In an Oct.

Nearly all of the stolen loot from Radiant Capital has now been moved to the Ethereum network, which usually isn't a good sign for those hoping for recovery.

The decentralized finance (DeFi) platform Radiant Capital (RDNT) is working with US law enforcement to freeze stolen assets after suffering a $50 million hack earlier this week. Hackers cracked multiple developers' hardware wallets “through a highly advanced malware injection,” according to a post-mortem published by Radiant.

Crypto security this week has been the definition of chaos as some of the industry's leading players have been hit by major hacks. Radiant Capital which has previously been attacked by hackers has been hit again with this second break resulting in the company losing $50 million.

The FBI is involved in helping Radiant track $50M stolen in a sophisticated multi-signature wallet breach.

The DeFi project claimed that hackers compromised the hardware wallets of its long-term developers and injected malware.

Attackers of Radiant Capital compromised the devices of at least three core developers through a malware injection, the company confirmed.

DeFi platform Radiant Capital has informed US law enforcement about the breach that resulted in the loss of over $50 million from its protocol on BNB Chain and Arbitrum.

Radiant Capital lost over $50 million in a cyber attack on October 16, 2024. Malicious Trojans misled team members into signing unauthorized transactions.

Radiant Capital, a leading DeFi platform, has announced an ongoing collaboration with US law enforcement and Web3 security experts to recover over $50 million stolen in a recent hack. In a detailed report released on Oct. 18, Radiant described the breach as one of the most complex hacks ever seen in DeFi.

News broke that Radiant Capital had been hacked. Cybersecurity specialists from De.Fi Antivirus reported that the assailants managed to obtain access to three out of the eleven private keys necessary for protocol updates.

Radiant Capital attackers used malware to hijack developer wallets and swipe over $50 million in assets. According to Radiant Capital's post-mortem report, the attack on Oct.

Radiant Capital has partnered with the FBI and security firms to recover its lost $50 million funds.

Radiant Capital suffers a $50 million crypto hack, enlists FBI help for recovery

Radiant Capital is actively collaborating with U.S. law enforcement, including the FBI, in efforts to recover $50 million USD stolen during a highly sophisticated security breach on October 16, 2024. The incident, which targeted multiple developers' hardware wallets using advanced malware injection, led to the unauthorized withdrawal of funds.

The lending protocol has fallen victim to yet another cyberattack, this time more damaging and severe.

Radiant Capital was reportedly hit with a cyberattack that targeted its contracts on BNB Chain and Arbitrum.

The hackers reportedly compromised a multisig wallet, allowing them to transfer ownership of Radiant's assets.

Radiant Capital suffered a $50+ million cybersecurity breach that affected its lending markets on BNB Chain and Arbitrum.

DeFi platform Radiant Capital has been hacked, draining over 50 million dollars from the Binance Smart Chain (BSC) and Arbitrum's systems. The hack, first covered by blockchain security firm Ancilia, used misconfigurations in the Radiant smart contracts.

Major cross-chain lending protocol Radiant Capital has shut its lending markets due to a critical security vulnerability that saw losses of over $50 million.

Binance-backed Radiant Capital fell victim to an over $50 million heist after attackers gained control of three private keys which altered smart contracts on Arbitrum and BSC networks

Among the growing bullishness in the crypto market, scammers are back in motion to capitalize on the growing FOMO. In a recent malicious activity, the Radiant Capital has been hacked for $53 million. The hack occurred over Arbitrum and BSC. The hacker has swapped the stolen assets for 12,835 ETH tokens worth $33.

Crypto security firm Ancilia is facing backlash after sharing a malicious crypto drainer link while attempting to assist users affected by a recent $52 million exploit targeting the lending protocol Radiant Capital.

Radiant Capital, a Binance-backed blockchain protocol specializing in cross-chain lending, was hacked on Wednesday, with attackers stealing over $50m.

Blockchain lender Radiant Capital suffered a major multi-chain hack, losing over $50 million. Hackers reportedly gained control over three of Radiant's private keys and drained these assets through an exploit.

Radiant Capital lost over $50 million in a cyberattack that exploited its Ethereum Layer 2 Arbitrum and BNB Chain instances.

Radiant Capital, a decentralized finance (DeFi) lender, reported a significant security breach across multiple blockchain networks, resulting in substantial financial losses. On Wednesday, unidentified attackers exploited vulnerabilities in Radiant's blockchain contracts on both the Binance Smart Chain (BSC) and Arbitrum platforms.

Approximately $58 million has been lost from a cybersecurity breach at the lending protocol, one expert said.

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.