Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Radiant Capital responds to $50M hack with stronger security

Radiant Capital responds to $50M hack with stronger security

GrafaGrafa2024/10/21 00:50
By:Mahathir Bayena

Radiant Capital (CRYPTO:RDNT), a decentralised finance (DeFi) platform, is cooperating with U.S. law enforcement following a $50 million hack.

According to reports, hackers used advanced malware to exploit Radiant Capital's system, gaining control of multiple developers' hardware wallets.

The attack manipulated the Safe Wallet interface, displaying legitimate transaction data while executing harmful transactions in the background.

Radiant Capital has responded by enhancing its security measures, particularly implementing stronger multisig controls.

The platform is also collaborating with the web3 security firm zeroShadow to freeze the stolen assets.

Based on Radiant’s statement, the compromised devices showed no significant warning signs other than minor errors during the signing process.

These issues, while common with hardware wallets, often do not raise immediate concern but can indicate more profound underlying risks.

Radiant’s native token, RDNT, was trading at $0.061 at the time of writing, reflecting a 2% drop in the past 24 hours and a 13% decline over the week.

This incident has sparked concerns within the cryptocurrency community, particularly regarding the vulnerabilities of DeFi platforms.

Community members are worried that such attacks could erode trust in the security of decentralised finance.

In response to the breach, Radiant Capital has acknowledged the complexity of the attack and has expressed its commitment to strengthening its security protocols to prevent future incidents.

At the time of writing, the Radiant Capital price was $0.06255.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Announcement on Sonic(S)tokenomics changes

Bitget Announcement2025/09/04 04:00

CandyBomb x WLFI: Trade futures to share 200,000 WLFI!

Bitget Announcement2025/09/03 10:00

New spot margin trading pair — SOMI/USDT!

Bitget Announcement2025/09/03 08:15