Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network

The post Massive $52M Hack Shakes Radiant Capital: Stolen Funds Sent to Ethereum Network appeared first on Coinpedia Fintech News

The hacker who recently siphoned $52 million from the decentralized finance protocol Radiant Capital has offloaded ninety-nine percent to the Ethereum network. Blockchain security firm PeckShield estimated that about $52 million worth of ETH was bridged from layer-2 settlement protocols Arbitrum and BNB Chain to Ethereum on October 24. Lending markets of cross-chain DeFi platform  Radiant Capital were stopped following the attack on October 16. The exploit was a malware attack on the devices of core developers to gain control over the platform’s multisignature wallet.