Radiant Capital Exploited for $50 Million Across BNB Chain, Arbitrum
Radiant confirmed that its lending markets were facing an "issue" Wednesday, urging users to revoke permissions to smart contracts.
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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.
It appears the attack began on Radiant's BNB Chain instance and then moved onto Ethereum Layer 2 Arbitrum.
The small-cap cryptocurrency Radiant Capital (RDNT) stood out among other cryptocurrencies with a remarkable volume surge, gathering analysts' attention. In particular, the prominent crypto trader Alan Santana believes in a “fast move” potential that could render up to 200%.
Radiant Capital's new liquidity plan could significantly boost user engagement and operational efficiency, enhancing the ecosystem's stability. The post RDNT token jumps 20% following Radiant Capital's new liquidity plan appeared first on Crypto Briefing.
Binance has announced the delisting of several trading pairs in its spot market. Effective April 12, 2024, Binance will remove the BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB trading pairs.
The cryptocurrency market is abuzz with anticipation as Ethereum's Dencun upgrade approaches, slated for March 13. This upgrade promises better usability, security, and fast transactions, potentially sparking a new altcoin season.
The crypto market is about to end January, a historic month for the digital assets sector, considering the spot Bitcoin ETF approval. While the response didn't meet expectations in the near term, experts predict optimistic effects in the upcoming sessions.
Horizen (ZEN), Radiant Capital (RDNT), Injective (INJ), Beldex (BDX), and SKALE (SKL) are all altcoins that have interesting developments lined up in February, which could positively affect their price.
Radiant Capital, a cross-chain lending protocol, has embarked on a path to recover from a recent flash loan exploit that resulted in a substantial loss of $4.5 million.
Radiant Capital has initiated its debt repayment process following a financial setback due to a flash loan exploit. The cross-chain lending protocol, caught in a turbulent cyberattack earlier this month, witnessed a loss of $4.5 million.
Radiant Capital announced on Tuesday that it has completed an “initial bad debt repayment” of 1,190 Ethereum (ETH) following the January 2 flash loan exploit that saw the cross-chain lending protocol drained of over $4.5 million.
The cross-chain lending protocol expects to fully clear its bad debt within 90 days.
Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $4.5 million.
Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.
Cross-chain lending protocol Radiant Capital (RDNT) fell victim to a hack on Tuesday, resulting in the theft of 1,900 ETH, worth approximately $4.5 million.
The protocol has acknowledged that the incident is attributed to an "issue with the newly established native USDC market on Arbitrum."
The world of decentralized finance (DeFi) has witnessed another shocking incident, following an attack on Radiant Capital recently. This time, cross-chain lending protocol Radiant Capital found itself in the eye of the storm following a flash loan attack that resulted in a significant loss of $4.5 million.
Radiant Capital protocol fell victim to a flash loan attack that drained ETH worth millions in six seconds.
In a recent high-profile security incident, Radiant Capital, a prominent cross-chain lending protocol, has temporarily suspended its lending and borrowing markets on the Arbitrum network. This move comes in the wake of a sophisticated $4.5 million exploit (equivalent to 2337 ETH) targeting its newly launched USDC Coin (USDC) markets.
Cross-chain lending protocol Radiant Capital (RDNT) lost 1,900 ETH to a decentralized finance (DeFi) exploit that attacked a new lending market for the USDC stablecoin. The attacker targeted the Ethereum layer-two solution Arbitrum protocol on January 2, 2024.
Cross-chain lending protocol Radiant Capital has become the latest DeFi protocol to fall victim to a hack after hackers stole 1900 ETH worth $4.5 million from the platform.