Radiant Capital Hit by $50 Million Hack, Second Major Attack in 2024

Reports suggest that three of Radiant’s private keys had been accessed by hackers, who have since then drained assets across a number of blockchains. 

Cyvers Alerts first spotted unusual transactions linked to Radiant and quickly issued a warning for users to halt all interactions with the platform. This attack is significantly larger than the $4.5 million hack Radiant experienced in January. 

Security experts, including De.Fi, are still investigating the exact method used in the breach. Radiant has paused trading and advised users to revoke any contracts with the platform until more details emerge. While large-scale crypto hacks have declined, the industry continues to lose hundreds of millions monthly to cyberattacks. Radiant’s situation highlights the ongoing risks in the decentralized finance space. 

More updates are expected as investigations progress. 

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