Radiant Capital Hit By $50 Million Crypto Hack
Radiant Capital was hit Wednesday by an apparent private key compromise that resulted in the loss of as much as $58 million in user assets.
It was the second hack this year on the Blockchain lending platform, following a $4.5 million hit that Radiant suffered in a January attack.
A recent report by crypto security firms Hacken and Extractor noted that 95% of all stolen DeFi funds in the third quarter of 2024 “were lost forever” – with more than half of the $463 million in losses coming from Indian cryptocurrency exchange WazirX.
“Access control is the most dangerous attack, with losses double those of all other attacks combined,” the report said. “Smart contract vulnerabilities most commonly appear after new versions…
