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Radiant Capital Suffers $51 Million Hack, Second Major Breach This Year
Summary: DeFi project Radiant Capital has fallen victim to a second major attack this year. An unknown hacker exploited a backdoor contract deployed around 5:09 PM UTC on Wednesday, gaining unauthorized access and siphoning off $51 million in tokens. According to Tony Ke, head of security research at Fuzzland, the attack targeted the protocol's Arbitrum and ...
DeFi project Radiant Capital has fallen victim to a second major attack this year. An unknown hacker exploited a backdoor contract deployed around 5:09 PM UTC on Wednesday, gaining unauthorized access and siphoning off $51 million in tokens.
According to Tony Ke, head of security research at Fuzzland, the attack targeted the protocol's Arbitrum and BNB chains. Ethereum and Base deployments appear to be unaffected, but Ke cautioned users to exercise caution when interacting with these contracts.
The incident marks a significant setback for Radiant Capital, which previously lost $4.5 million in a flash loan attack earlier this year. The repeated attacks highlight the ongoing security challenges faced by the cryptocurrency industry and the need for robust measures to protect user funds.
Tags: Hack,Radiant Capital
Link: Radiant Capital Suffers $51 Million Hack, Second Major Breach This Year [Copy]
