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.
BNB has faced a significant rejection at a critical resistance level, raising concerns among traders about a potential price correction. After an impressive rally, the momentum has faltered, leaving the cryptocurrency at a crossroads.
The Labs partners include trading firm DWF Labs and the Floki, BNB Chain's largest memecoin by market capitalization.
The hackers reportedly compromised a multisig wallet, allowing them to transfer ownership of Radiant's assets.
Earlier this week, news of the Radiant Capital exploit shook the broader digital currency ecosystem. With over $51 million siphoned from the BNB Chain and Arbitrum networks, the former has issued a major warning to protect its users.
Since the release of Binance former CEO Changpeng Zhao, BNB price has gradually gained bullish momentum and followed Bitcoin in an ongoing breakout.
Radiant Capital suffered a $50+ million cybersecurity breach that affected its lending markets on BNB Chain and Arbitrum.
Binance Coin (BNB) breaks $600, sparking analyst predictions of a potential rise to $800 amid positive market sentiment and technical indicators.
Approaching the $600 psychological mark, the Binance Coin (BNB) price is nearing a crucial crossroads. The months-long resistance remains the key bearish level in the daily chart, keeping the bull run on hold. Will the recent bull cycle lead to a breakout rally to $800? Let's find out in Coinpedia's BNB price analysis.
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.
All eyes are peeled on BNB price after a key signal flashed on its chart. Binance coin price is among the top 20 highest gainers in the last 24 hours, showing its resilience in a market where meme coins have begun to dominate.
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.
Binance Coin (BNB) is at a pivotal point in its price movement, with traders and investors closely watching the charts. Over the past week, BNB has shown modest growth, climbing by 2.68%.
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.
Radiant confirmed that its lending markets were facing an "issue" Wednesday, urging users to revoke permissions to smart contracts.
Attackers appear to have obtained three private keys controlling upgrade access over the protocol.
DeFi lender Radiant Capital appears to have been exploited on Binance Smart Chain following newly implemented upgrades.
Radiant Capital has allegedly been hacked with scammers siphoning $51,5 million so far from the accounts. The attack is reportedly isolated to Arbitrum and BSC.
Bitcoin bulls are keen to hit $70,000, but a selloff at this level could trigger a sharp downside in BTC and altcoins.
BNB Chain introduces Proposer-Builder Separation to tackle MEV challenges, enhancing security and efficiency in blockchain transactions. Learn about MEV, its implications, and protective measures.
BNB Chain announces the final sunset plan for BNB Beacon Chain, urging asset holders and exchanges to migrate assets to BNB Smart Chain before mid-November to avoid losses.
Arbitrum Orbit is revolutionizing blockchain technology with customizable chains, enhanced decentralization, and interoperability, fostering innovation across the Ethereum ecosystem.
BNB is currently at a critical juncture. Will prices decline or rally?
Binance Coin (BNB) price hints at a potential surge as bulls regain momentum. Following a recent rally, BNB is pushing towards a key resistance level, signaling a possible bullish breakout.
The price of Binance coin or BNB (BNB) has been stuck between the moving average lines since October 5. However, buyers have been desperately trying to keep the price above the moving average lines.
The Ethereum network has registered a huge influx of Layer Two (L2) scaling solutions, led by Base, but some observers are worried about its declining revenue.
Base has emerged as the largest Layer 2 rollup on the Ethereum network, boasting a total value locked (TVL) of $2.49 billion.
Gasless swaps could ease the DeFi onboarding process, bolstering mass crypto adoption among new holders.
Base, a Layer 2 Ethereum network developed by Coinbase, has now become the largest rollup in terms of total value locked.
Intraday bias - Bullish Intraday level to watch - $550 Any close above $620 confirms a bullish continuation. BNBUSD trades in a narrow range between $586 and $pared some of its gains after forming a minor top around $586.30.
Significant token unlock events will take place this week - Arbitrum alone will unlock $51 million worth of tokens.
Bitcoin's rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
October greets multiple large-cap altcoins with impending $500M token unlock action: shall investors be concerned?
Bulls are trying to restore their lost positions, according to CoinStats.
TL;DR BNB Smart Chain leads with 5,510 dApps, although it experiences a 33.34% drop in dApp volume. Ethereum remains in second place with 4,787 dApps, facing a 23.42% decrease in volume. Polygon and TRON round out the list, with 2,278 and 1,395 dApps respectively, each with significant drops in volume.
The general situation of the third cryptocurrency by market cap.
According to data from TokenUnlocks, over $498 million worth of tokens are scheduled for release between October 14 and October 21, 2024, with Arbitrum (ARB) leading the pack. Arbitrum (ARB) is poised to release the largest amount of tokens in terms of value.
The success of BNB has propelled it to the position of fourth biggest cryptocurrency. Investors are starting to wonder whether BNB's recent outperformance will be sustainable.