Radiant Capital Was Apparently Hacked for $4.5 Million in ETH

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Last Updated on January 3, 2024 by Bitfinsider

Radiant Capital, a cross-chain lending system, was hacked for 1,900 ETH ($4.5 million), blockchain security and analytics startup PeckShield Inc. announced today on X.

Radiant Capital confirmed the situation on X as well, stating that the Radiant DAO Council has temporarily paused its lending and borrowing markets on Arbitrum — a Layer-2 scaling solution on which Radiant Capital runs — until the matter is explored.

Radiant stated in the post that the problem occurred as a result of a “issue with the newly created native USDC market on Arbitrum.” It also stated that it intends to publish a postmortem once the problem has been rectified.

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