Radiant Capital hacked: More than $50 million in crypto stolen

Radiant Capital, a multi-chain decentralised finance protocol where users can perform lending and receiving transactions, has been hacked. More than $50 million in crypto money was stolen, the attack was said to cover the protocol’s Arbitrum and BSC networks. RDNT, the protocol’s own token, also fell more than 10%.

Radiant Capital hacked: More than $50 million in crypto stolen

Radiant Capital, the DeFi protocol that aims to bring together liquidity on different blockchains and serves in this direction, was hacked. Some security firms report that crypto money worth $51 million and some $58 million was stolen.

In a statement from Radiant Capital; It was stated that companies such as SEAL911, Hypernative, ZeroShadow and Chainalysis were working with companies such as SEAL911, Hypernative, ZeroShadow and Chainalysis, and additional information will be provided in the coming hours. The attack took place on the protocol’s Arbitrum and BSC networks. Markets on the Base and Mainnet networks were also stopped.

The hacker is said to have taken control of the protocol’s multi-signature wallet. It is claimed that Radiant’s multi-signature system consists of 11 signatories, but only 3 signatures are sufficient to ensure control.

Security firm Hacken also stated that the hacker made an attempt 6 days ago but was not successful.

Radiant also experienced a ‘flash loan’ attack in January and lost $4.5 million.

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