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Radiant Capital Reports Exploit of $4.5 Million Ethereum Loss

Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million. According to the blockchain security company PeckShield Inc., the hacker drained 1,900 Ethereum tokens within six seconds after a new market was activated on the decentralized platform. Radiant Capital also confirmed the hack in their official post, confirming the details of the exploit. “Today, we received a report of an issue with the newly created native USDC market on Arbitrum,” said the company. According to the platform, no funds are at risk. At the moment, “no action can be taken until the markets are unpaused on Arbitrum.”

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