The Radiant Capital hack in October 2024 resulted in $51.5 million stolen, and the hacker is continuing to move cryptocurrency assets.
Widespread Radiant Capital Hack
In October 2024, Radiant Capital was hacked, resulting in $51.5 million stolen from user wallets on Arbitrum and BNB Chain. The breach occurred through malicious contracts that tricked users into granting permissions to a rogue address.
Moving Stolen Funds
According to CertiK, the hacker transferred another batch of 5933.3 ETH (approximately $26.7 million) to the mixing platform Tornado Cash from three different addresses. CertiK has advised users to remain vigilant regarding this high-profile hack.
Details about the Hacker
The hacker gained access to the multi-signature wallet by compromising 3 of 11 signers and drained approximately $55 million from the lending pools. This incident highlights the hacker's skills, who had previously turned stolen assets into significant profits through trading.
The Radiant Capital hack continues to raise concerns in the cryptocurrency community, highlighting the importance of securing user funds and addressing security issues.
