In another major hacking incident, the cross-chain lending protocol Radiant Capital lost a total of 1,900 ETH from the platform worth a staggering $4.5 million. Radiant Capital Loses 1,900 ETH In HackPeckShield, a blockchain security and data analytics firm, reported a recent hacking incident on RDNT Capital resulting in a loss of 1.9k ETH, approximately $4.5 million. The attack exploited a time window during the activation of a new market in a lending platform (forked from popular platforms Compound/Aave). Pausing Lending/Borrowing ActivityRadiant Capital has reported an issue concerning the newly established native USDC market on Arbitrum. The post Cross-Chain Lending Protocol Radiant Hacked Losing 1,900 ETH, Details appeared first on CoinGape.

Source: The Nation January 03, 2024 10:12 UTC